<P> The Basic Grant formula provides funding to school districts based on the number of poor children they serve . To receive money through this grant, the school district must meet the requirement of having at least 10 poor children and 2% of its students in poverty . </P> <P> The Concentration Grant formula is similar to the basic grant formula because it gives funding to schools based on the number of poor children they serve . To receive money through this grant, school districts must meet the requirement of having at least 15% of children in poverty or a total of 6,500 poor children . </P> <P> The Targeted Assistance Grant formula allocates more money for each child as the poverty rate in a district increases . This means that school districts with more poverty get more money for each poor child than districts with low poverty . </P> <P> The Education Finance Incentive Grant Formula has a two - pronged approach . It is meant to reward schools that expend more state resources on public education and distribute funding in an equitable manner . It is also meant to concentrate funds in districts with high poverty that inequitably distributes state and local education funding . In states, funding is allocated to school districts in a way similar to the Targeted Assistance Grant formula but the weight of schools in districts with high poverty that inequitably distribute funding is doubled . </P>

The addition of title vi of the elementary and secondary education act