And I agree with his proposal.
As a freshman at Baylor University (a long, long time ago), I received Pell Grants every semester I was there. I could not have attended Baylor otherwise. But I still agree with Obama’s goal of cutting some funding from the program:
Obama’s budget plan would cut $100 billion from Pell Grants and other higher education programs over a decade through belt-tightening and use the savings to keep the maximum college financial aid award at $5,550, an administration official said.
Nearly $90 billion of the projected savings would be achieved through two changes, said the official, who spoke on condition of anonymity ahead of Monday’s release of Obama’s 2012 budget. The spending plan applies to the budget year that begins Oct. 1.
Congress would have to approve both changes.
The first proposal would end the “year-round Pell” policy that let students collect two grants in a calendar year, with the second grant used for summer school. The official said the costs exceeded expectations and there was little evidence that students earn their degrees any faster. The change would save $8 billion next year and $60 billion over a decade, the official said.
A second proposal would reduce loan subsidies for graduate and professional students. That would free $2 billion next year and save $29 billion over 10 years, according to the official.
I didn’t go to summer school while I was at Baylor. Instead, I used the summer to work full time to try and earn/save more money for college, so Obama’s proposal wouldn’t have affected me.
But I think we could go a step further and completely eliminate the program all together. Sure, I used the program and couldn’t have attended the pricey private college of my choosing…but I still had options available to me to attend less expensive schools. Of find other ways to fund my college education — which is what I did after only two years at Baylor: I joined the Army.