Pell grants: fewer of them under budget deal - Kimberly Hefling, Associated Press

Pell grants would be cut for an estimated 100,000 college students, who take longer than six years to graduate. But the budget compromise in Congress would preserve the Pell grants' maximum $5,550 award. College students taking longer than six years to obtain their undergraduate degree would have their Pell grants cut off next school year under a $1 trillion budget bill passed Friday in the House. The bill keeps the maximum grant award at $5,550, but seeks to save $11 billion over the next decade in Pelldollars, in part, by reducing the maximum number of years the grant can be received from nine to six.