As many as 90,000 students could be disqualified from receiving Pell Grants and other forms of federal and state financial assistance under a change that the Bush administration has made in the formula the government uses to calculate a student’s need for aid.
Two days before Christmas, the U.S. Education Department announced in the Federal Register that it had, for the first time in a decade, updated the amount it allows families to deduct for state and local tax payments when applying for financial aid. (Subscription required.)