A recent Chronicle of Higher Education report revealed that 9.9 percent of students at the University were recipients of Pell Grants in 2008-09.
Pell grants are need-based educational grants sponsored by the U.S. Department of Education.
The report showed that less than 15 percent of undergraduates at the country’s 50 richest schools receive the grants.
Only 10 schools had a lower percentage of Pell Grants among their enrolled students, led by Washington University in St. Louis, at just 5.7 percent.
Harvard came in second, at 6.5 percent, and the University of Virginia was third, at 7.0 percent. Penn has 8.2 percent, Yale 8.9 percent, Brown 10.9 percent, Dartmouth 12.1 percent, Cornell 12.5 percent and Columbia 15.1 percent.
2.4 percent more students at the University were Pell Grant recipients in 2008-9 than in 2004-05, representing the fourth largest growth among colleges with the 50 largest endowments. Williams came in first, with a 4.4 percent increase.
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