A new report from The Education Trust shows that low-income students who receive federal money for college finish school at almost the same rate as their higher-income peers – with one important caveat. The report compares six-year graduation rates for Pell Grant recipients with rates for students who do not receive the grants. According to the numbers, the school a student chooses makes all the difference. At the average college in the U.S., low-income students are just about as likely to graduate as their higher-income peers. The gap is only six percentage points.