don brown,
I'm sure you have a perfectly good reason to post this from work, though I can't imagine why. The stock tanked today, and yet you have time to post on a non work related subject. Isn't here something productive you could be doing?
Anyway, you said:
Susie - please get your facts correct and not off something like MOVEON.ORG... "Department of Education figures show the number of Pell Grants awarded the year before Bush took office was 3.9 million. The number grew to 5.1 million for the most recent academic year -- an increase of 1.3 million, actually.
Yes that is correct, there was an increase in spending under Bush, because there are more people with low incomes under Bush. Let's tell the whole truth, shall we?
A new formula for calculating eligibility for college financial aid will eliminate federal Pell Grants for up to 80,000 to 90,000 low-income students and will affect funding levels for up to 1 million others.
Besides those who will lose their Pell Grants completely, "we estimate about 1.3 million students will see reductions of $100 to $300 per year," said Terry Hartle, senior vice president of the American Council on Education, a trade association representing 2,000 public and private colleges and universities.
Although the Pell Grant program has grown steadily since its inception, need threatens to outstrip availability. The program is driven by an escalating number of minority and low-income high school graduates, with projections forecasting the high school graduating class of 2008 as the largest in U.S. history.
Despite this, the last Pell increase ($50) occurred three years ago, and the average U.S. college student graduates with a $17,000 debt.
"The real thing that's unfortunate is that the Pell Grant isn't going up," said Sarah Flanagan, vice president for government relations of the National Association of Independent Colleges and Universities. "If the maximum were making even moderate increases, all these people on the margin wouldn't fall out of the program."
Last year Congress approved $12.4 billion for Pell Grants for 2005. The total represented an increase of $400 million from 2004 but was half of what was requested.
Now why don't you get back to work and do what you can to increase the profitability of UPS, instead of surfing at work, even if you are allowed to in your upper management position.