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Pell Grant Deficit: “The Mother of All Shortfalls

by CHARLES DERVARICS , October 16, 2008

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Amid talk of the shortfall, one positive financial sign is that college students appear to have obtained the educational loans they needed to start the 2008-09 academic year. Given the nation’s credit crunch, some observers had predicted a tough time this fall. “Students are doing OK with access to loans,” Peoples tells Diverse. Fallout in the loan industry “hasn’t affected students as much as some people thought.

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