There has been a lot of discussion in the national media about cuts in the PELL grant. At this point, the PELL grant remains in place and the amount has not been reduced.
However, this is the last year that two PELL grants in a year will be allowed. This means only one PELL grant will be paid between summer/fall/spring semesters. If you are full-time during the fall/spring semesters, you probably do not wish to take any PELL grant during the summer.
This will begin summer of 2012, and is going back to the way Pell Grants were paid a couple of years ago.
Congress is looking at ways to cut costs in many areas of our national budget, education is not protected, so more cuts could be ahead in the years to come. To stay abreast of Dept. of Education updates, please refer to http://1.usa.gov/kmgXXq.