At the end of January, in his final State of the Union address, President Bush revealed continuing plans for expanding federal funding of private K–12 schooling with the proposal of a $300 million Pell Grant for Kids program. This program, named after the long-running college Pell Grants program, would provide federal grants to low-income families with children in underperforming schools to help send those children to private, faith-based, or higher performing out-of-district public schools.
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Source: Student Loan Articles