As Median Income Drops, Dependence on Pell Grants RisesSeptember 27, 2016 | :
by Jarrett Carter
Inside Higher Education details the increase in the number of families and students dependent upon Pell Grant funding for education, which has grown from 6.1 million to 8.2 million between 2008 and 2014, according to U.S. Department of Education statistics.
The increase in qualifying recipients parallels the decline of the average household income for recipients, which fell from $30,000 in 2003 to $26,100 in 2011.
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