A new Brief from the Urban Institute builds on work that examines replacing the current formula for calculating Pell grant eligibility with one that uses only a few family characteristics. The aim is to make aid more transparent and predictable for students before college enrollment.
The Brief can be accessed at http://www.urban.org/sites/default/files/alfresco/publication-pdfs/2000735-Simplifying-Federal-Student-Aid-A-Closer-Look-at-Pell-Formulas-with-Two-Inputs.pdf.