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Abstract

This article summarizes a portion of the research conducted at ACT on changes in the design of the Pell Grant Program between 1973-74 and 1988-89. In particular, it focuses on changes in the formulas used to calculate SAI and the payment schedule, especially with reference to actual direct and indirect college attendance costs. Lack of growth in the maximum available to the lowest income applicants who were the original focus of the program is the immediate consequence.

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