The reduced purchasing power of the Pell Grant


It’s becoming nearly worthless to those who need it at the university level.

Cost of College

Cornell professor of political science Suzanne Mettler writes about how federal student aid has become less effective in promoting opportunity”.

…  In the 1970s, the maximum Pell grants for low-income students covered nearly 80 percent of costs at the average four-year public university, but by 2013-14 they covered just 31 percent. Presidents beginning with Bill Clinton introduced costly new tax policies to help with tuition, but these have failed to improve access for the less well off.

Perhaps if Pell Grant funds were spent more efficiently, they could be used to cover a higher percent of costs for qualifying students.

‘Pell Grants Shouldn’t Pay for Remedial College’

 … A huge proportion of this $40 billion annual federal investment is flowing to people who simply aren’t prepared to do college-level work. And this is perverting higher education’s mission, suppressing completion rates and warping the country’s K-12 system.

Current…

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