Pell Grants face possible cuts after current year
The federal Pell Grant program, a source of student funding for about 9.4 million students nationwide, is safe from falling over the fiscal cliff — for now. As President Barack Obama and leaders in Congress continue to negotiate how to address the year-end fiscal cliff — a $500 billion combination of scheduled tax increases and mandatory spending cuts that take effect in January — they will be forced to find a quick solution or risk plunging the nation back into a recession.