Millions of Americans depend on Pell Grants each year to be able to make college more affordable. Research has shown that need-based grant aid, like Pell Grants, increases college enrollment among low- and moderate-income individuals. But with college costs skyrocketing over the last three decades, Pell Grants have lost much of their purchasing power. The Middle Class CHANCE Act, introduced in the Senate by Sens. Mary Landrieu (LA) and Mazie Hirono (HI), and the House by Rep. Loretta Sanchez (CA-16) seeks to combat the financial hindrance on college access for these individuals by increasing the purchasing power of Pell. The bill increases the maximum award of Pell Grants, and restore year-round Pell Grants, among other things.
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http://bit.ly/chance-act
