Federal Pell Award in Current and Constant Dollars over Time

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Over the decade from 2007-08 to 2017-18, expenditures spiked from $17.2 billion in 2007-08 to $40.1 billion in 2010-11, before falling back to $28.2 billion in 2017-18.

Table 8: Federal Pell Grants in Current and Constant 2017 Dollars, 1973-74 to 2017-18

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.