Certain statewide promise programs require students to demonstrate financial need, while state performance funding policies sometimes incorporate a financial bonus that incentivizes colleges to enroll or graduate low-income students. We use data on public, 4-year colleges from 2007-2008 to 2019-2020, and incorporate difference-in-differences analyses and event studies. We find that colleges affected by promise programs in Louisiana, New York, and Washington observed no changes to the number and percent of first-time, full-time (FTFT) Pell grant recipients. Colleges in states subject to a performance funding bonus experienced no changes to the number and percent of FTFT Pell grants recipients, and colleges in Louisiana subject to both policies experienced no changes to either outcome.