U.S. Department of Education: Promoting Educational Excellence for all Americans

A r c h i v e d  I n f o r m a t i o n

HEA: SFA Federal Pell Grants - FY 2006


CFDA Number: 84.063 - Federal Pell Grant Program

Program Goal: To help ensure access to high-quality postsecondary education by providing financial aid in the form of grants in an efficient, financially sound and customer-responsive manner.

Objective 1 of 1: Ensure that low- and middle-income students will have the same access to postsecondary education that high-income students do.
Indicator 1.1 of 1: Targeting of Pell Grants: Pell Grant funds will continue to be targeted to those students with the greatest financial need. At least 75 percent of Pell Grant funds will go to students below 150 percent of the poverty line.
 
Measure 1.1.1 of 1: The percentage of Pell Grant funds going to students below 150 percent of the poverty line.
Year Actual Performance Performance Targets
1997
82
 
1998
80
 
1999
78
75
2000
78
75
2001
79
75
2002
78
75
2003
76
75
2004
76
75
2005
 
75
2006
 
75
2007
 
78
2008
 
79
2009
 
79
2010
 
80

Source: Pell Grant Applicant/Recipient File..
Date Sponsored: 03/30/2004.

Frequency: Annually.

Next Data Available: August 2006

Data Validated By: On-Site Monitoring By ED.
 
Explanation: Increases in the maximum award without other changes in the formulas used to award Pell grants will tend to lower the percentage of funds going to the neediest students. This is a long-term measure.
 


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Last Modified: 12/28/2005