05/19/2015
https://congress.gov...
"But the Pell Grant could not keep up with the cost of college. So, through the years the student debt crisis grew. And now the crisis has turned into a catastrophe."
"The cost of college keeps rising out of control."
"The declining value of the Pell Grant, the bedrock of our financial aid system, has also increased the burden for students and families."
"In 1975, the Pell Grant covered nearly 80 percent of the average cost of tuition room and board at a public 4 year university."