Even as the price of college rises, more low-income students who would likely get federal financial aid aren’t even bothering to apply.
A new report by the American Council on Education estimates 1.5 million students who would probably have been awarded Pell Grants in 2003-2004 did not apply for them. That’s up from ACE’s estimate in a previous survey of 850,000 who missed out on aid in 1999-2000.