The federal Pell Grant program is staring into the face of a huge shortfall for the 2008-09 academic year, according to the NY Times. The grant program that provides assistance for college on the basis of economic need could see a short fall of as much as $6 billion for the academic year just now starting.

A number of factors have come together to create the problem. The Chronicle of Higher Education points to the increased size of the Pell Grant as one factor contributing to the short fall.

Pell Grant Faces Short Fall of $6 Billion
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