Thomas J. Botzman, President, Misericordia University writes: On the community college side, the current Pell Grant and other federal aid cover much, if not all, of the cost at these two-year institutions. The “last dollar in” approach taken by many states reduces the cost to the state. However, in reality it provides more funding to the wealthier student and less to the student with financial challenges. The result is that in several states, such as Louisiana, about one-half of the aid goes to families with income greater than $100,000, according to the report.