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President Bush announced on Friday that he will seek to raise the maximum Pell Grant by $500, to $4,550, over the next five years, as well as to eliminate a $4.3-billion shortfall that has plagued the program for the past several years.
Speaking at Florida Community College at Jacksonville, Mr. Bush made clear that he does not plan to request additional money to achieve these goals. Instead, the president said he would ask Congress to generate savings by "reforming" the federal guaranteed student-loan program, which relies on banks and other types of lenders to deliver money to students.
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You have got to love the legislate, but don't appropriate modus operandi that lets slippery politicians off the hook in the eyes of the media, but subjects the infrastructure to undue stress.
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