Author: Charmaine MercerPublisher:
ISBN:
Category : Electronic books
Languages : en
Pages : 29
Book Description
Reconfiguring the Federal Pell Grant Program
Author: Charmaine MercerPublisher:
ISBN:
Category : Electronic books
Languages : en
Pages : 29
Book Description
Reconfiguring the Federal Pell Grant Program
Author: Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
Specifically, the report examines the effect of the following changes: ! increasing the maximum appropriated award; ! increasing the amount of the minimum award and dropping "the bump;" ! eliminating the tuition sensitivity provision; and ! increasing the income eligibility threshold for the automatic-zero expected family contribution provision. [...] The combination of the available income and asset contribution, divided by the number of individuals in the family enrolled in college, constitutes the EFC. [...] CRS-6 Award Rules The primary Pell Grant award rule is that a recipient's award amount is the lowest of three amounts: ! the maximum appropriated Pell Grant award minus the EFC; ! the COA minus EFC; or ! the tuition sensitivity amount.13 For nearly all Pell recipients, the Pell Grant award is calculated by subtracting the EFC from the maximum appropriated Pell Grant for the year (i.e., without reg [...] The tuition sensitivity award amount is calculated as follows: ! $2,700 + one-half of the difference between the appropriated maximum and $2,700 + the lesser of (a) the remaining one-half difference or (b) tuition.14 For example, at a $4,310 Pell Grant maximum and a tuition level of $500, the tuition sensitivity amount of $4,005 is determined as follows: ! $2,700 + $805 (one-half of the difference [...] Any estimates of costs and the number and characteristics of recipients included in this report are provided to suggest the relative magnitude and nature of the impact of possible changes in the Pell Grant program.
Pell Grants
Author: Margot A. SchenetPublisher: Nova Publishers
ISBN: 9781590335833
Category : Business & Economics
Languages : en
Pages : 122
Book Description
Pell Grants Background & Issues
The Federal Pell Grant Program
Author: Nabeel AlsalamPublisher:
ISBN: 9781457848704
Category :
Languages : en
Pages : 35
Book Description
The Federal Pell Grant Program was created to improve the access of low-income students to postsecondary education. Grant recipients enroll at four-year colleges and universities, for-profit schools, two-year community colleges, and institutions that specialize in occupational training. Grants are awarded on the basis of financial need and academic course load, and the maximum grant a student can receive for the 2013-2014 award year is $5,645. During the most recent award year for which data are available (July 1, 2011, to June 30, 2012), the program provided $33.6 billion in grants to some 9.4 million students at U.S. educational institutions. The cost of the program has risen dramatically in recent years. From 2006-2007 to 2010-2011, real (inflation-adjusted) spending on Pell grants increased by 158%, due to an 80% rise in the number of recipients and a 43% real increase in the amount of the average grant during those four years. Spending for the program declined in 2011-2012 because of a reduction in the amount of the average grant. Contents of this report: The Federal Pell Grant Program; Recent Growth in Spending; Options for Changing the Program; Alternatives to the Program. Tables and figures. This is a print on demand report.
Higher Education Opportunity Act
Author: United StatesPublisher:
ISBN:
Category : Education, Higher
Languages : en
Pages : 432
Book Description
Federal Pell Grant Program
Author: Iola ThibaultPublisher: Nova Science Pub Incorporated
ISBN: 9781629485508
Category : Education
Languages : en
Pages : 81
Book Description
The federal Pell Grant program is the single largest source of federal grant aid supporting post-secondary education students. The program provided over $33.5 billion to approximately 9.7 million undergraduate students in FY2011. For FY2012, the total maximum Pell Grant was funded at $5,550. The program is funded primarily through annual discretionary appropriations, although in recent years mandatory appropriations have played a smaller yet increasing role in the program. The statutory authority for the Pell Grant program was most recently reauthorised by the Higher Education Opportunity Act of 2008. Pell Grants are need-based aid that is intended to be the foundation for all federal student aid awarded to undergraduates. There is no absolute income threshold that determines who is eligible or ineligible for Pell Grants. Nevertheless, Pell Grant recipients are primarily low-income. In FY2010, an estimated 74% of all Pell Grant recipients had a total family income at or below $30,000. This book reviews how the program works and provides an analysis of recent program costs and funding, recipients (numbers and characteristics), and the role the program plays in the distribution of federal student aid. In addition, this book highlights some of the current legislative issues pertaining to the program.
Keeping College Within Reach
Author: United States. Congress. House. Committee on Education and the Workforce. Subcommittee on Higher Education and Workforce TrainingPublisher:
ISBN:
Category : College costs
Languages : en
Pages : 100
Book Description
Student Financial Aid Handbook
Author: Access and Affordability
Author: United States. Congress. Senate. Committee on Health, Education, Labor, and PensionsPublisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 44
Book Description
The Federal Pell Grant Program
Author: Margot A. SchenetPublisher:
ISBN:
Category : Student aid
Languages : en
Pages : 15
Book Description