Why Pell Will Not Save Us From High Tuition
Source: College Board Trends in Student Aid 2010
The past few years have seen a massive investment in the federal Pell Grant Program. This has translated instead substantial increases in the maximum award, which has gone from $4,050 in the 2006-07 academic year to $5,350 in 2009-10. Add in the additional $200 increase for the school year underway and you’re talking about a $1,500 bump in just a few years.