Alliance for Equity in Higher Education. FY 2012 Budget Bill. Congress reached a deal on the fiscal year (FY) 2012 budget, which includes the nine remaining appropriations bills needed to fund the federal government for the rest of FY 2012. The bill includes award year 2012-13 funding levels for the federal student aid programs and maintains a $5,550 maximum Pell Grant for the 2012-13 award year by cutting spending on other student aid programs and restricting eligibility. Negotiators had worked on the agreement for the Labor, Health, Human Services and Education (Labor-H) appropriations subcommittee bill for several months. The final bill reflects a bipartisan compromise between the draft House and Senate bills, which both maintained the $5,550 Pell Grant for award year 2012-13, but varied greatly in how they plug the current $1.3 billion shortfall the Pell Grant program faces.
Key provisions can be divided into three categories: those affecting Pell Grant only; those affecting all Title IV programs and; provisions affecting Direct Loans only: Catalog of Federal Domestic Assistance. College Express. DSS Student Handbook. Mapping Your Future. NASFAA. 2001 Free Scholarship Searches.