Education

Pell Grants

March 05, 2003 1 min read
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Top Amounts on the Rise

The maximum Pell Grant has nearly doubled over the past decade. Many student advocates and higher education officials say that despite the rise in spending, the top grants cover a smaller percentage of tuition and fees than they once did.

Pell Amounts on the Rise

Rising Demand

The number of applicants for Pell Grants has surged in recent years. In its 2004 budget, the Bush administration assumes the number will level off slightly.

1996-97 ...... 8.06 million
1997-98 ...... 8.22 million
1998-99 ...... 8.31 million
1999-00 ...... 8.53 million
2000-01 ...... 8.71 million
2001-02 ...... 9.47 million
2002-03 ...... 10.43 million
2003-04 ...... 10.63 million
(projected)
2004-05 ...... 10.80 million
(projected)

SOURCE: U.S. Department of Education

1995-96

...... 7.94 million

Award Year Valid Applicants

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