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