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Student Aid Alliance Calls for Renewed Support for Pell Grants, Other Federal Aid Programs in FY 2012 Budget

May 19, 2011

The Student Aid Alliance (SAA) has issued its fiscal year 2012 (FY 2012) appropriations request to Congress, calling for renewed funding for Pell Grants, Federal Supplemental Education Opportunity Grants, Federal Work-Study and other critical programs that allow millions of students to pursue higher education.

The request comes after the FY 2011 continuing resolution eliminated funding for many federal student aid programs.

Specifically in FY 2012, SAA has asked Congress to:

Maintain the maximum Pell Grant award of $5,550.
Restore Federal Supplemental Education Opportunity Grants (SEOG) to $757.5 million.
Fund the Federal Work-Study Program at $980.5 million, the Federal TRIO Programs at $920.1 million, and GEAR UP at $333 million.
Appropriate $125 million to the Perkins Loan Program for loan cancellations.
Maintain the in-school interest subsidy for graduate student loans.
Provide $9.69 million in funding for the Jacob K. Javits Fellowship Program and restore the Graduate Assistance in Areas of National Need (GAANN) Program to FY 2010 levels.
Restore the Leveraging Educational Assistance Partnerships (LEAP) Program for $64 million.

The SAA is a coalition of organizations co-chaired by ACE President Molly Corbett Broad and National Association of Independent Colleges and Universities President David Warren representing students, parents, colleges and universities, and others who believe that all qualified students should be able to go to college, regardless of their financial resources.

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