Congress Delivers: For the Most Part, MSIs, Low-Income and Minority Students Fare Well in Higher Education Funding Bill

Dervarics, Charles, Diverse Issues in Higher Education

At 119 pages, the final agreement on the College Cost Reduction Act is a challenging read. But tucked inside the plan, which promises the largest infusion of financial aid in a generation, are a series of provisions to promote college access for students of color.

The act has many winners, including minority-serving institutions that will share $500 million in new funding, and low-income students who will benefit when maximum Pell grants increase from $4,310 to $5,400 by 2012. States also will get new grants to promote college access, provided they come up with required matching funds.

"All the financial aspects that will help low-income students are wonderful," says …

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Publication information: Article title: Congress Delivers: For the Most Part, MSIs, Low-Income and Minority Students Fare Well in Higher Education Funding Bill. Contributors: Dervarics, Charles - Author. Magazine title: Diverse Issues in Higher Education. Volume: 24. Issue: 17 Publication date: October 4, 2007. Page number: 8. © 2008 Cox, Matthews & Associates. COPYRIGHT 2007 Gale Group.

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