The present study examines the differences between public baccalaureate institutional expenditures and Pell Grant recipient graduation rates at high and low Pell Grant recipient graduating institutions. IPEDS data were analyzed, including instructional, academic support, student services, institutional support, and Pell Grant recipient 6-year graduation rates from the 2018 academic reporting year. Results from a Mann-Whitney U test compare 99 institutions divided into a high graduation rate group (N[subscript high]=40) and a low graduation group (N[subscript low]=59). The analysis showed there are mean rank differences between the groups that are statistically significant. These results support the need for further study to make sense of the differences between the level of spending on these criteria for the two institutional types. [The dissertation citations contained here are published with the permission of ProQuest LLC. Further reproduction is prohibited without permission. Copies of dissertations may be obtained by Telephone (800) 1-800-521-0600. Web page: http://bibliotheek.ehb.be:2222/en-US/products/dissertations/individuals.shtml.]