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Steps they have proposed include increasing funding for Pell Grants, cutting the interest rate on student loans, and developing a way to expand the use of tax credits to offset education expenses. Still, because lower-income students at any school are less likely to graduate than wealthier ones, the percentage of Pell Grant recipients is a meaningful indicator in and of itself. Today a full Pell Grant pays less than a third of college costs, and most poor students receive enough to pay for only a quarter of their college education. |
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