Katrina is a Pell Grant recipient at Michigan State University. If she had gone to college in the mid-1970s in the early years of this federal program, her grant would have covered around 80 percent of her educational costs. Such financial support had the power to remove barriers and transform lives, putting low-income students on a path to graduate without significant debt. But Katrina is a student today, when the maximum Pell Grant covers less than a third of a four-year institution’s costs. That’s not to say the grant no longer makes a difference. In fact, Katrina can afford college only thanks to the Pell Grant. But she will also begin post-college life digging herself out of a $30
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