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ERIC Number: ED535450
Record Type: Non-Journal
Publication Date: 2012-Jun
Pages: 20
Abstractor: As Provided
Reference Count: 0
ISBN: N/A
ISSN: N/A
Pell Grants: Where Does All the Money Go
Robinson, Jenna Ashley; Cheston, Duke
John William Pope Center for Higher Education Policy (NJ1)
The Federal Pell Grant Program, which provides need-based grants to millions of college students, is the federal government's largest education expenditure. It consumes over half the Department of Education's annual budget and in 2010-2011 cost taxpayers about $36 billion per year. Although the program started out as a way to provide college access to low-income students, it has grown so vast in recent years that nearly 60 percent of all undergraduates now receive Pell grants. In spite of the high cost, few people have scrutinized the effectiveness of Pell grants. This report, "Pell Grants: Where Does All the Money Go?" by Jenna Ashley Robinson and Duke Cheston, brings together what is known about Pell grants to determine how well the program serves the students who receive them and the taxpayers who fund them. Calculating Pell Grant Eligibility is appended. (Contains 39 resources.)
John William Pope Center for Higher Education Policy. 353 East Six Forks Road Suite 150, Raleigh, NC 27609. Tel: 919-828-1400; Fax: 919-828-7455; e-mail: info@popecenter.org; Web site: http://www.popecenter.org
Publication Type: Reports - Descriptive
Education Level: Higher Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: John William Pope Center for Higher Education Policy