Creating Higher Education Affordability Necessary to Compete Economically (CHANCE) Act
Bill Summary
Increases the Pell Grant award to $8,900 from $5,730, restores year-round Pell Grants, and allows Pell Grant recipients to use the award for 15 semesters instead of the current 12.
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Opponents say
• Encourages colleges to raise their tuition
• Increases the burden on taxpayers
• Is an example of runaway federal spending in a tight economy
• Increases the burden on taxpayers
• Is an example of runaway federal spending in a tight economy