Democrats Set Education Budget Compromise« Thread Started on Sept 6, 2007, 1:07pm » --------------------------------------------------------------------------------Democrats Set Education Budget Compromiseread at source> http://www.insidehighered.com/news/2007 ... gressional leaders — well, Democratic Congressional leaders, anyway — reached agreement Wednesday on compromise legislation that would increase the maximum Pell Grant to $5,400 by 2012 and finance that and other new spending by slashing federal payments to student loan providers.Both houses of Congress are expected to vote on (and pass) the budget reconciliation legislation as soon as Friday, which would mean that the only thing standing between American students and a massive new infusion of federal financial aid is a possible veto by President Bush. --------------------------------------------------------------------------------