An ACE Factsheet on the history of Pell Grant funding from 1976 to 2010. The federal Pell Grant began in FY73. However, FY76 was the first year in which all undergraduates were eligible to receive a grant. Cost of attendance includes tuition, fees, room, and board. Constant dollar values are adjusted for inflation, 2010 dollars based on fiscal year CPI-U.
The Center for Policy Research and Strategy is responsible for the content in ACE Fact Sheets on Higher Education.