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Pell Grants: How the Department of Education Estimates Program Costs

HRD-90-73BR Published: Feb 21, 1990. Publicly Released: Feb 21, 1990.
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Highlights

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.

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Appropriated fundsBorrowing authorityComputer modelingCost controlEducational grantsFuture budget projectionsHigher educationLoan repaymentsStudent financial aidStudent loans