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COMMENTARY: FY 2021 White House Budget Proposal Cuts $66.6 Billion from Education

“The maximum Pell grant – the federal college scholarship that helps low-income students pay tuition and living expenses – today covers only 28% of college costs, the lowest share in over 40 years,” says James Kvaal and Jessica Thompson, co-authors of a new policy brief by the University of New Hampshire’s Carsey School of Public Policy. (Photo: iStockphoto / NNPA)NNPA NEWSWIRE — Today there are over 44 million student loan borrowers whose growing reliance on loans corresponds with the still-rising cost of higher education. Except for the financially well-off, student loans are being used more, not less, and include consumers of varying income levels.

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