In the context of the recent efforts to arrive at a federal budget, articles abound in the popular media and trade publications debating both the value of Pell Grants and their rising cost to the U.S. government. Both pros and cons of the debate hold value. Pell Grants are what enable many low-income families to send their children to college and,…

This article examines grants (Pell Grants, Supplemental Educational Opportunity Grants, state grants) and work-study and loan programs. Discusses aid available to low-income and middle-income families, average amount of various types of awards, and what percentage of students is receiving financial aid. (CT)