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Increase in Pell Grant amounts likely to hurt Helena employer – Student Assistance Foundation

September 16, 2007 /

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Recent changes by Congress in the way student loans and grants are administered may benefit Montana’s college population, but they could stunt the growth of one of the Helena area’s major employers.

The recently passed legislation increases the amount of money available for need-based Pell Grants and halves the interest rate on subsidized student loans.

"From the student perspective, the most important piece is the increase in the Pell Grants," said Janet Riis, director of financial aid at Carroll College. "Those grants are tied strictly to financial need."

Student Assistance Foundation http://www.safmt.org/

By JOHN HARRINGTON
Independent Record

Full Story: http://www.billingsgazette.net/articles/2007/09/16/news/business/32-pellgrant.txt

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