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

Recruitment & Retention Live Online Discussion A Seat at the Table: Chronic Teacher Shortage: Where Do We Go From Here?  
Join Peter DeWitt, Michael Fullan, and guests for expert insights into finding solutions for the teacher shortage.
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
Science Webinar
Close the Gender Gap: Getting Girls Excited about STEM
Join female STEM leaders as they discuss the importance of early cheerleaders, real life role models, and female networks of support.
Content provided by Logitech
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 Achievement Webinar
Mission Possible: Saving Time While Improving Student Outcomes
Learn how district leaders are maximizing instructional time and finding the best resources for student success through their MTSS framework.
Content provided by Panorama Education

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 18, 2023
Here's a look at some recent Education Week articles you may have missed.
8 min read
Education Letter to the Editor EdWeek's Most-Read Letters of 2022
Here are this year’s top five Letters to the Editor.
1 min read
Education Week opinion letters submissions
Gwen Keraval for Education Week
Education In Their Own Words Withstanding Trauma, Leading With Honesty, and More: The Education Stories That Stuck With Us
Our journalists highlight why stories on the impact of trauma on schooling and the fallout of the political discourse on race matter to the field.
4 min read
Kladys Castellón prays during a vigil for the victims of a mass shooting at Robb Elementary School in Uvalde, Texas, on Tuesday, May 24, 2022.
Kladys Castellón prays during a vigil for the victims of a mass shooting at Robb Elementary School.
Billy Calzada/The San Antonio Express-News via AP
Education In Their Own Words Masking, Miscarriages, and Mental Health: The Education Stories That Stuck With Us
Our reporters share the stories they wrote that rose above the fray—and why.
5 min read
Crystal Curtis and her son, Jordan Curtis, outside their home in Plano, Texas. Crystal, a healthcare professional whose son attends school in Plano talks about the challenges of ensuring quality schooling, her discomfort with the state and district’s rollback of mandatory masking, and the complications of raising a Black child in a suburban district as policies shift.
Crystal Curtis and her son, Jordan Curtis, outside their home in Plano, Texas. Crystal, a healthcare professional whose son attends school in Plano talks about the challenges of ensuring quality schooling, her discomfort with the state and district’s rollback of mandatory masking, and the complications of raising a Black child in a suburban district as policies shift.
Allison V. Smith for Education Week