After four years of being stuck at $4,050 (and hardly being touched at all since Bush took office in 2001), the Congressional Appropriations Committees decides to increase the Pell Grant to $4,310.
Senator Edward M. Kennedy, Democrat of Massachusetts and chairman of the Senate education committee, called the increase “an important down payment by Democrats on our commitment to help families with high college costs.
Hmm, considering just the price of housing in a dorm single jumped from $5,916 to $6,390 this past year alone…yeah, that pretty much covers nothing.
For more information on random (arbitrary?) cost inflation, please see the finance department’s website.