The Advisory Committee on Student Finance is required to report and monitor the condition of college access for low and moderate income families to Congress. A part of this report is the adequacy of grant aids for those students and their effectiveness.
Advisory Committee on Student Financial Assistance. (2010). The Rising Price of Inequality: How Inadequate Grant Aid Limits College Access and Persistence. Retrieved August 3, 2010 from: https://files.eric.ed.gov/fulltext/ED512174.pdf