A status report for the Basic Educational Opportunity Grant Program (Basic Grant Program) for the 1977-1978 academic year is presented. Information is based on merged applicant and recipient files. Statistical tables cover: total number of applicants, number of qualified and nonqualified applicants; number of recipients; total expenditures; average, minimum, and maximum grants; number of recipients, average grant, and estimated expenditures by type of institution; distribution of Basic Grant recipients by Student Eligibility Index range and family income; distribution of Basic Grant recipients by family income and grant level; distribution of Social Security and veteran recipients by family income and grant level; distribution of Basic Grant recipients by educational cost range and grant level, distribution of Basic Grant recipients by Student Eligibility Index range and type of institution; total expenditures, total recipients, and average grant by type and control of institution. Most of these statistics are also broken down for dependent and independent students. (SW)