Obama proposing cuts to college grant program - KWWL - Eastern Iowa Breaking News, Weather, Closings

Obama proposing cuts to college grant program

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WASHINGTON (AP) -- An administration official says President Barack Obama is proposing cuts of $100 billion during the next decade to the Pell Grant program through belt-tightening, and the savings would be used to keep the maximum college financial aid award at $5,550.

Most of the projected savings, more than $90 billion, would be achieved through two changes would require congressional approval.

The administration official spoke on condition of anonymity because Obama's 2012 budget hasn't been released.  That happens on Monday, when the White House sends the plan to Capitol Hill.

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