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Leveraging Educational Assistance Partnership

Squirrel started this conversation

This federal aid program is managed by:

Office of Student Financial Assistance Programs, Department of Education

Objectives:

To provide grants to States for use in programs of financial assistance to eligible postsecondary students.

Funding obligations:

(Formula Grants) FY 09 $63,852,000; FY 10 est $63,852,000; FY 11 est $0

Uses and Use Restrictions:

To make grants of up to $5,000 for full-time (reduced for less than full-time) attendance to students with substantial financial need who are enrolled at postsecondary institutions. This program is subject to non-supplanting requirements and must use a restricted indirect cost rate that is referenced under 34 CFR 76.564-76.569. For assistance call the Office of the Chief Financial Officer/Indirect Cost Group at (202) 708-7770.

Examples of Funded Projects:

Not Applicable.

Program Accomplishments:

Not Applicable.

Types of Assistance:

FORMULA GRANTS

Range and Average of Financial Assistance:

Maximum student award is $5,000; Average student award is $1,000.

Length and Time Phasing of Assistance:

Funds are awarded for use by participating States for one award year at a time following the year of application. See the following for information on how assistance is awarded/released: Electronic transfer.

Applicant Eligibility:

The agency responsible for administering each State's need-based scholarship/grant program. U.S. Territories are also eligible to apply.

Beneficiary Eligibility:

Postsecondary education students with substantial financial need will benefit.

Award Procedure:

The Federal Student Aid office awards grants to State student scholarship or grant assistance agencies for making grants or providing work-study financial assistance to students.

Contact Info for Headquarters Office:

Federal Student Aid Information Center Federal Student Aid (FSA), Department of Education, 400 Maryland Avenue, S.W., , Washington, District of Columbia 20202 Phone: (800) 433-3243

Website Address:

http://www.ifap.ed.gov; www.studentaid.gov.

Related Programs:

 

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