Home
Solutions
Products
Pricing
Resources
Request Demo
Start Free
Menu Search Account

LegiStorm

Get LegiStorm App Visit Product Demo Website
» Get LegiStorm App
» Get LegiStorm Pro Free Demo
StateStorm

Weekly Updates

LegiStorm is constantly adding new information on the people, places and reports in our database. In the past week, LegiStorm added:

  • 1563 new people
  • 132 new organizations
  • 575 new photos
  • 1986 job history records for people in our database
  • 516 education records for people in our database
  • 1689 contact addresses, emails and URLs (LinkedIn, Facebook, etc.)
  • 8 new people through the revolving door
  • 103 new policy reports
  • 16 new trips to our privately funded travel database
  • 330 new personal financial disclosures
  • 9310 new press releases
  • 12 new town halls
  • 19 new hearings

Caught Our Eye Rss

» More from Caught Our Eye
» More from our DevBlog

Pell Grants: How the Department of Education Estimates Program Costs

  Premium   Download PDF Now (48 pages)
Report Type Reports and Testimonies
Report Date Feb. 21, 1990
Report No. HRD-90-73BR
Subject
Summary:

Pursuant to a congressional request, GAO assessed: (1) the Department of Education's process for estimating Pell grant program costs and the factors which contributed to its revision of its fiscal year 1990 budget request; and (2) whether Education had the authority to borrow funds from subsequent years' appropriations to pay for Pell grant funding shortfalls from previous years.

GAO found that Education used a three-step process to develop its Pell grant budget estimate, which included: (1) data from a sample of students who had previously applied for loans and a model which included 30 economic indicators; (2) manual data adjustments to reflect recent program changes; and (3) adjustments of the possible program funding shortages and surpluses. GAO also noted that the second budget request was attributable to: (1) an increased cost model estimate based on revised economic indicators and an unexpected increase in grant recipients; (2) an additional budget shortage; and (3) a decrease in program adjustments due to a lower estimated cost for financial aid administrators' discretion.

« Return to search Government Accountability Office reports

HomeAbout Us Contact UsPrivacy PolicyTerms of UseJoin Us
© LegiStorm
LegiStorm
2101 L St. NW, Suite 300
Washington, DC 20037
(202) 360-4172 / congress@legistorm.com