The budget request for the 2007 fiscal year that President Bush unveiled on Monday had little good news for financially needy students, particularly those who are not high academic achievers.
Under the spending plan, the maximum Pell Grant would remain at $4,050 for the fifth year in a row. And for the second consecutive year, the president is calling on Congress to eliminate the Perkins Loan Program and require colleges to return the federal share of the money they use to make new Perkins Loans to students from low- and middle-income families.