Bush, 1/14/05:

We want to increase the Pell Grants by $100 a year over — $100 per year over the next five years.

Bush, 2/2/05:

[W]e’ll make it easier for Americans to afford a college education, by increasing the size of Pell Grants.

A year later, the president has completely backed away from his promises. The President’s FY ‘07 budget freezes the Pell Grant for the fourth year in a row. The maximum Pell Grant remains $4,050.