U.S. to trim grants to low-income college students: "Because of the changes, which will take effect next year and are expected to save the government $300 million annually, at least 1.3 million low-income students will receive smaller Pell Grants, the primary U.S. scholarship, according to two analyses of the rules. In addition, 89,000 students who would otherwise be getting some Pell Grant money will get none, the analyses found."