For Profit Schools Turn Students Into Debt Zombies; It’s Time To Kill The Entire Pell Grant Program

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College, Inc. The business of higher education is booming. It’s a $400 billion industry fueled by taxpayer money. But what are students getting out of the deal? Critics say a worthless degree and a mountain of debt. Investors insist they’re innovators, widening access to education. FRONTLINE follows the money to uncover how Wall Street.

Pell Grant recipients are already more than twice as likely to have loans as other students, and the average debt burden for Pell recipients who graduate from four-year colleges is $4,750 higher than their higher-income peers. In short, the House Budget Committee plan would reduce opportunity for low-income students striving to obtain a college.

The Pell Grant program stands to lose $3.3 billion under the fiscal year 2018 house labor, Health and Human Services, and Education Appropriations bill set to be discussed today.

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The Federal Pell Grant is a student grant given to those from lower income families who wish to pursue higher education. To be eligible for this grant, you have to present proof that you are in need of financial aid. Those from families with an annual income lower than $20,000 were found to make up 57% of grant recipients, though this was not the case in the years 1999 to 2000, as majority of.

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Its population is aging the fastest of. Time to Scrap Entire Student Loan Program Pell Grant Debt Zombies: For Profit Schools Turn Students Into Debt Zombies; It’s Time To Kill The Entire Pell.

Bill Would Restore Pell Grant Eligibility For Students Who Attended Defunct For-Profit Colleges.. "Forgiving the debt of students defrauded by for-profit colleges and restoring their.

The Federal Pell Grant Program was created to improve the access of low-income students to postsecondary education. Grant re cipients enroll at a variety of educational institutions, including four-year colleges and universities, for-profit schools, two-year community colleges, and institutions that spec ialize in occupational training. Grants are