A seminar convened by the Policy Analysis Service brought together state and federal student aid officials, representatives of higher education associations, and analyst-researchers to address a number of issues related to the impact of the federal Basic Educational Opportunity Grant program on the states. Formal presentations included a historical overview of the Basic Grant program, descriptions of the current situation in five states (New York, Rhode Island, Maryland, Michigan, and Pennsylvania), and a report on the College Entrance Examination Board study of student aid. Among the issues discussed are: state policies as they relate to the grants program, unspent awards and overawards, the emancipated student, the impact of the awards on college decisions, estimating student need, getting students to apply, unrecognized impacts of the program, state funds, tuition pricing, and enrollment patterns and migration. The version of the seminar presented in the final report is condensed and edited from the transcripts, but includes discussions by participaints. (MSE)