ERIC Number: ED318347
Record Type: Non-Journal
Publication Date: 1990-Feb
Reference Count: N/A
Pell Grants: How the Department of Education Estimates Program Costs; Briefing Report to the Chairman, Subcommittee on Labor, Health and Human Services, and Education, Committee on Appropriations, U.S. Senate.
General Accounting Office, Washington, DC. Div. of Human Resources.
This report describes the Department of Education's process for estimating costs of the Pell grant program, which provides grants to financially needy students pursuing a postsecondary education. The Department uses a three-step process to develop its Pell grant budget estimate: a computer cost model incorporating over 30 economic indicators, a series of adjustments to reflect program changes that the model does not include, and budgetary adjustments. Historically, the Department's cost model estimate has been a reasonably accurate predictor of program costs. Factors which contributed to the Department's revision of the fiscal year 1990 budget request are determined, and are attributed to: savings expected to accrue from legislative changes, increased cost model estimates based on revised economic indicators, increase in number of grant recipients, and lower estimated costs for financial aid administrators' discretion. Tables compare Pell grant cost model estimates, actual program costs, and final budget requests. (JDD)
Descriptors: Cost Estimates, Federal Programs, Higher Education, Income Contingent Loans, Program Budgeting, Program Costs, Student Loan Programs, Trend Analysis
U.S. General Accounting Office, P.O. Box 6015, Gaithersburg, MD 20877 (first five copies free; additional copies $2.00 each; 25% discount on orders for 100 or more copies).
Publication Type: Reports - Descriptive; Numerical/Quantitative Data
Education Level: N/A
Authoring Institution: General Accounting Office, Washington, DC. Div. of Human Resources.
Identifiers - Laws, Policies, & Programs: Pell Grant Program