R765-620-11. Distribution of Funds to Institutions

(1) In determining how to allocate program funds to an institution, the Board shall consider: (a) the costs of attendance of programs offered by the institution; and (b) the number of eligible students who attend each institution. (2) The Board shall allocate program funds to eligible institutions in proportion to each eligible institution's percentage of the total Federal Pell Grant funds received for Utah resident students and students who qualified for resident tuition in the most recently completed award year by all participating institutions.