The Pell Grant program is projected to face a $2.7 billion budget shortfall, prompting concerns about potential cuts.

Pell Grants help students from low-income families pay for school, but often, misconceptions about federal aid keep many students from applying for it.

The Pell Grant provides need-based federal financial aid for more than 30 percent of ... a serious problem than taking a lot of money away from people eligible for the maximum,” she said. Baum worries ...

Some fear the Pell Grant, the popular college aid program ... Her organization is pushing to increase the maximum annual grant to $13,000, up from its current level of $7,395.

Current estimates show that the federal Pell Grant program will have a $2.7 billion funding shortfall later this year.

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Expected federal government cuts to the U.S. Department of Education and a projected budget shortfall for Pell Grants, which are given to low-income students, could have an impact on high education ...