November 27, 1998
Value of Pell Grants Found to Have Been Substantially Eroded Since 1970s
The purchasing power of Pell Grants has deteriorated so sharply that the maximum award of $3,000 would have to double to cover the same proportion of college tuition that it did 20 years ago, according to a report on student aid.
College officials and students have long complained that steady increases in tuition and fees over the last two decades have eroded the value of the Pell Grant. The report, released
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