"Any reduction to the Pell program would come at a much higher cost for our country down the road," said Sen. Tom Harkin, Iowa Democrat, admitting "tough budget decisions" are ahead. Education Secretary Arne Duncan projected that the Pell Grant program that helps low-income students afford college could face a $20 billion shortfall in 2012. (Associated Press)

"Any reduction to the Pell program would come at a much higher cost for our country down the road," said Sen. Tom Harkin, Iowa Democrat, admitting "tough budget decisions" are ahead. Education Secretary Arne Duncan projected that the Pell Grant program that helps low-income students afford college could face a $20 billion shortfall in 2012. (Associated Press)