U.S. Department of Education: Promoting Educational Excellence for all Americans

Constant dollar figures assume 1990-00 academic year as base year.
College costs and CPI estimated for 2000-01.
Note: Until 1986 the Higher Education Act limited the Pell Grant award to no more than 50% of a student's cost of attendance. That limit was increased to 60% from 1986 to 1992, and thereafter it was removed altogether.
Source: Washington Office of The College Board



figure 11. Purchasing power of federal pell grant awards, 1973-74 to 2000-01