As tuition charges increase and more students are eligible for financial aid, colleges must develop a concrete strategy to manage financial aid resources. Mechanisms to help financial aid officers effectively utilize aid resources in enrolling students are discussed. Mathematical formulas and calculations are included. (Author/JMD)

Explained and illustrated is the formula funding system used for colleges and universities in Texas. This system is considerably more complicated than the formulas used in other states. Data for institutions in the state system for fiscal 1978 are presented; actual appropriations are used rather than requests, and formula-produced amounts are…