However, not just anyone is eligible for Pell grants; that is because these grants are not merit-based, they are income-based. And no, they are not held exclusively for those who pay taxes (like you were probably about to guess, right?), but are instead for the 'needy'. In fact, even if you, yourself, are 'needy' but your parents are not, you probably won't qualify.
This proposal is a trifecta for Obama, since he can distribute more wealth from the wealth creators to the wealth consumers, simultaneously remove a whole lot of unemployed people from the 'unemployed category', thus prettying-up his dismal economic stats, and make important inroads to his goal of establishing "free" college for everyone.
I see a whole lot of Bachelors of Community Organizing degrees being awarded in the near future.