Pell Grant
ORG
Pell Grant
Reflecting broadening concern that high school students of modest means will be priced out of a college education, the Massachusetts Institute of Technology plans to provide matching money to students who have received federal Pell Grants, which are awarded based on financial need. For the 2004-5 academic year, Pell Grant awards ranged from $400 to $4,050, according to the website of the federal Department of Education. Dr. Hockfield said the institute decided to adopt a matching funds policy because Congress had not increased the maximum size of a Pell Grant.