PELL Grant. Federal education grants targeted to assist low-income individuals. Entities, which are PELL eligible, must coordinate PELL assistance with WIOA funds awarded. PELL funds must be used before applying for WIOA assisted training. An institution as defined in the Higher Education Act of 1965. Written evaluative instruments, which measure a participant’s skill level at entry into and at completion of training. An amount in excess of the cost necessary to operate a program. Profit is allowable under a cost reimbursement Agreement to the extent it is reasonable as determined during contract negotiations. It includes that amount which is associated with proprietary materials included in the cost of the program. Profit may be allocated among the cost categories. Profit may only be earned by private-for-profit organizations.
Appears in 2 contracts
Sources: Amendment, Amendment Agreement