Education

Pell Grant Growth

May 01, 2002 1 min read
  • Save to favorites
  • Print

Pell Grants were established in 1972 by Congress as the Basic Educational Opportunity Grant program and took effect a year later. The grants were created to help low-income students pay the costs of postsecondary education. Many experts in student aid, however, say the amount of the awards has failed to keep pace with the rising costs of college. Adjusting the $1,400 maximum award in 1975 for inflation, the maximum grant’s value fell from $4,205 to $3,300 in 2000-01, according to a study by the American Council on Education.The following table shows how participation in the program, and the amount of money the federal government has devoted to it, have grown over time:

Pell Grant Growth

Year Budget Maximum
Award
Recipients
1973-74 $122 million $452 176,000
1978-79 2.1 billion 1,600 1,893,000
1983-84 2.4 billion 1,800 2,758,906
1988-89 4.2 billion 2,200 3,198,286
1993-94 6.4 billion 2,300 3,755,675
1998-99 7.3 billion 3,000 3,855,180
1999-00 7.7 billion 3,125 3,763,710
2000-01 7.6 billion 3,300 3,912,000
2001-02 8.7 billion 3,750 4,284,000
2002-03 10.3 billion 4,000 4,444,000
(estimated)

SOURCE: U.S. Department of Education

A version of this article appeared in the May 01, 2002 edition of Education Week as Pell Grant Growth

Events

This content is provided by our sponsor. It is not written by and does not necessarily reflect the views of Education Week's editorial staff.
Sponsor
Student Well-Being Webinar
Stronger Together: Integrating Social and Emotional Supports in an Equity-Based MTSS
Decades of research have shown that when schools implement evidence-based social and emotional supports and programming, academic achievement increases. The impact of these supports – particularly for students of color, students from low-income communities, English
Content provided by Illuminate Education
This content is provided by our sponsor. It is not written by and does not necessarily reflect the views of Education Week's editorial staff.
Sponsor
Student Well-Being Webinar
A Whole Child Approach to Supporting Positive Student Behavior 
To improve student behavior, it’s important to look at the root causes. Social-emotional learning may play a preventative role.

A whole child approach can proactively support positive student behaviors.

Join this webinar to learn how.
Content provided by Panorama
Recruitment & Retention Live Online Discussion A Seat at the Table: Why Retaining Education Leaders of Color Is Key for Student Success
Today, in the United States roughly 53 percent of our public school students are young people of color, while approximately 80 percent of the educators who lead their classrooms, schools, and districts are white. Racial

EdWeek Top School Jobs

Teacher Jobs
Search over ten thousand teaching jobs nationwide — elementary, middle, high school and more.
View Jobs
Principal Jobs
Find hundreds of jobs for principals, assistant principals, and other school leadership roles.
View Jobs
Administrator Jobs
Over a thousand district-level jobs: superintendents, directors, more.
View Jobs
Support Staff Jobs
Search thousands of jobs, from paraprofessionals to counselors and more.
View Jobs

Read Next

Education Briefly Stated: January 12, 2022
Here's a look at some recent Education Week articles you may have missed.
8 min read
Education School Bus Driver Retires After 48 Years Behind Wheel
Charles City school bus driver Betty Flick sat behind the wheel for the final time last week, wrapping up a 48-year career for the district.
3 min read
Charles City school bus driver Betty Flick poses with one of her farewell signs. Flick has been driving for Charles City School District for 48 years.
Betty Flick quickly fell in love with the job and with the kids, which is what has had her stay in the district for this long.
Courtesy of Abby Koch/Globe Gazette
Education Briefly Stated: December 1, 2021
Here's a look at some recent Education Week articles you may have missed.
9 min read
Education Briefly Stated: November 17, 2021
Here's a look at some recent Education Week articles you may have missed.
8 min read