March 25, 2005
Report Warns of Pell-Grant Decline
The maximum Pell Grant will cover only a quarter of the cost of attending a four-year public institution by 2010, 10 percentage points less than it does now, according to a study by the Center for American Progress, a think tank in Washington.
The Pell Grant program, which was created by Congress in 1972, provides low-income students with annual grants ranging from $400 to $4,050 to help defray educational costs.
The decline in the purchasing power of the Pell Grant will come
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