Federal Pell Grant Program: Recent Growth and Policy Options

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By Nabeel Alsalam (au)
Year: 2013
Pages: 35
Binding Paperback
ISBN 978-1-4578-4870-4

Product Code: 1457848708

Description

The Federal Pell Grant Program was created to improve the access of low-income students to postsecondary education. Grant recipients enroll at four-year colleges and universities, for-profit schools, two-year community colleges, and institutions that specialize in occupational training. Grants are awarded on the basis of financial need and academic course load, and the maximum grant a student can receive for the 2013äóñ2014 award year is $5,645. During the most recent award year for which data are available (July 1, 2011, to June 30, 2012), the program provided $33.6 billion in grants to some 9.4 million students at U.S. educational institutions. The cost of the program has risen dramatically in recent years. From 2006äóñ2007 to 2010äóñ2011, real (inflation-adjusted) spending on Pell grants increased by 158%, due to an 80% rise in the number of recipients and a 43% real increase in the amount of the average grant during those four years. Spending for the program declined in 2011äóñ2012 because of a reduction in the amount of the average grant. Contents of this report: The Federal Pell Grant Program; Recent Growth in Spending; Options for Changing the Program; Alternatives to the Program. Tables and figures. This is a print on demand report.

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