President Obama has increased college aid by over $50 billion since coming into office. And he's trying to do more.
Acting Education Secretary John King announced two new proposals today that would expand the Pell Grant program, the biggest pot of federal money for students with financial need:
- Year-round Pell. Currently, students are only eligible for two semesters of Pell grants in a school year. Today's proposal would allow students to get extra money to cover a third session of, say, summer courses.