Federal Pell Award in Current and Constant Dollars over Time

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Despite declines of about 25% between 2011-12 and 2016-17 in both the number of Pell Grant recipients and program expenditures, 38% more recipients received 75% more (in 2016 dollars) in 2016-17 than 10 years earlier.

Table 8: Federal Pell Grants in Current and Constant (2016) Dollars, 1974-75 to 2016-17

Federal Pell Grants in Current and Constant Dollars, 1973-74 to 2016-17

Notes & Sources 

SOURCES: U.S. Department of Education, The Federal Pell Grant Program End-of-Year Report, 1980-81 through 2015-16; Federal Student Aid Data Center, Title IV Program Volume Reports; calculations by the authors.