Pell Grant matches a highlight as USBC begins allocating millions in SMART funds in wake of changes approved in October

USBC in October approved final policy revisions for the SMART (Scholarship Management and Account Reporting for Tenpins) program following a process that included proposals in April and an ensuing comment period, as I detailed in this story. USBC said in April that the policy changes came as the SMART fund had grown from $39 million to more than $96 million since 2010, with recipients using only about $5 million annually. In addition, only 10% of providers have been using unassig...