The Obama administration wants to expand the federal Pell grant program to help more students graduate from college — by providing them with money to attend classes year-round and reward them for taking more credits. Two new proposals, announced Tuesday by the Education Department, would expand the $29 billion program by $2 billion in the new fiscal year. They’ll be part of President Barack Obama’s budget proposal next month. One proposal, called the Pell for Accelerated Completion, would help low-income students earn Pell money for a third semester in an academic year — letting them take classes over the summer. Many full-time students exhaust their annual eligibility after two semesters. The other, the On-Track Pell Bonus, would give a $300 reward to students taking at least 15 credits per semester in an academic year.

January 20, 2016 ・ From Associated Press