TO THE EDITOR:
The future of financial aid is in dire straits. Pell Grants, which ensure low-income students the opportunity to attend college, are under attack in Congress.
The FY17 spending agreement passed by Congress in May 2017 rescinded $1.3 billion from Pell Grants.
This plan cut the grant program’s surplus, which is funding needed to pay for grants when the congressional prediction for how much aid is needed falls short.
The current Pell surplus is at $8.5 billion, and it has taken years to grow.