DOM-39     REDUCE PELL GRANT SPENDING

                                   Annual Savings                 Cumulative
                                (Millions of dollars)              Five-Year
Savings from         -----------------------------------------      Savings
CBO Baseline         1994     1995      1996     1997     1998
---------------------------------------------------------------------------

Budget Authority      180      190       190      200      200        960

Outlays                35      180       190      190      200        800
---------------------------------------------------------------------------
