1. Average Pell/student and related trend*:

2010-11 2011-12 Trends

Average awards

All Schools $3,652.74 $3,380.13 -7.46%

HBCU $4,354.44 $4,032.90 -7.38%

PBI $3,459.84 $3,330.55 -3.74%

Total Pell Program

All Schools $35,667,715,829 $33,435,891,099 -6.94%

HBCU $971,671,384 $909,705,987 -6.38%

PBI $1,861,423,368 $1,852,596,345 -0.47%

Recipients

All Schools 9,762,296 9,833,847 +71,551 (+0.73%)

HBCU 223,145 225,571 +2,426 (+1.09%)

PBI 538,009 556,244 +18,235 (+3.39%)

*Source: Common Origination and Disbursement System 8/09/12

2. Avg Pell as percent of total aid (with breakdown for unsub, sub, PLUS, etc.) -- to be supplied by Joel's team

3. - Estimated impact of 2 Pells and an analysis that shows normalized trend without 2 Pells*

Impact of loss of 2 Pells: