08/01/2011 06:55 am ET Updated Oct 01, 2011

Pell Grants Are Saved, But Uncertain

WASHINGTON -- Congressional leaders appeared late Sunday to have reached a deal on increasing the nation's debt limit that would avoid many of higher education's worst-case scenarios: cuts to Pell Grants, the end of subsidized student loans, or a government default that would leave student financial aid and other funding for colleges in limbo going into the fall semester.

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