Leveraging Educational Assistance Partnership (84.069)

 

Program

84.069 Leveraging Educational Assistance Partnership

 

Federal Agency

Agency: Department of Education
Office: Office Of Student Financial Assistance Programs

 

Authorization

Higher Education Act of 1965, as amended, , Executive Order Title IV, Part A, Subpart 4.

 

Program Number

84.069

 

Last Known Status

Active

 

Objectives

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

 

Types of Assistance

FORMULA GRANTS

 

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.

 

Eligibility Requirements

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.

Credentials/Documentation

A State application reviewed and approved annually by the Secretary of Education qualifies the State for funds. States pay administrative costs. This program is excluded from coverage under OMB Circular No. A-87.

 

Application and Award Process

Preapplication Coordination

For technical assistance for States regarding the State application, refer to ED Form 1288. Environmental impact information is not required for this program. This program is excluded from coverage under E.O. 12372.

Application Procedure

This program is excluded from coverage under OMB Circular No. A-102. This program is excluded from coverage under OMB Circular No. A-110. The designated State student scholarship or grant assistance agency in each State annually applies for State allotments/reallotments of funds; refer to ED Form 1288. Eligible students annually apply to their State of residence for a grant under this program, if the State has received an allotment. Student applicants must follow the application procedures as directed by each State and must demonstrate substantial financial need to receive a grant.

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.

Deadlines

Contact the headquarters or regional office, as appropriate, for application deadlines.

Range of Approval/Disapproval Time

From 30 to 60 days. From 30 to 45 days.

Appeals

Appeals of final disapprovals can be made to the Secretary and may be subject to judicial review.

Renewals

New State applications are required annually.

 

Assistance Considerations

Formula and Matching Requirements

Statutory Formula: Title IV, Part A, Subpart 4.

Matching Requirements: Each State receives an allotment and possibly a reallotment of funds based upon the number of students it deems eligible to participate in the program relative to the total number of such students in all States; no State receives less than its fiscal year 1979 allotment (Section 415B(a)(1), HEA). Maintenance of effort (MOE) requirements provide that annual State-appropriated expenditures in the program must not be less than the average for the previous three fiscal years (Section 415C(b)(8), HEA). States match Federal funds on at least their MOE level, but not less than a one-to-one basis, out of resources appropriated by the State which represent additional State grant expenditures over an established base year, defined as the second year before the State entered the LEAP Program (Section 415C(b)(6), HEA).

This program has MOE requirements, see funding agency for further details.

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.

 

Post Assistance Requirements

Reports

Annual fiscal performance report (ED Form 1288-1) and other reports as required by the Secretary. No cash reports are required. No progress reports are required. No expenditure reports are required. No performance monitoring is required.

Audits

In accordance with the provisions of OMB Circular No. A-133 (Revised, June 27, 2003), "Audits of States, Local Governments, and Non-Profit Organizations," nonfederal entities that expend financial assistance of $500,000 or more in Federal awards will have a single or a program-specific audit conducted for that year. Nonfederal entities that expend less than $500,000 a year in Federal awards are exempt from Federal audit requirements for that year, except as noted in Circular No. A-133. Records are examined by State or Federal auditors.

Records

States must maintain records sufficient to identify student grants awarded in compliance with the program statute and requirements concerning the expenditure of Federal funds and matching State appropriated funds. Records must be retained for three years or until completion of Department audit, whichever is later.

 

Program Accomplishments

Not Applicable.

 

Financial Information

Account Identification

91-0200-0-1-502.

Obligations

(Formula Grants) FY 08 $63,852,000; FY 09 est $63,852,000; FY 10 est $63,852,000

Range and Average of Financial Assistance

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

 

Regulations, Guidelines and Literature

34 CFR 692 (Program Regulations) reissued July 14, 1981, amended December 1, 1986, November 27, 1987, and January 28, 1994. Directory of State Agency Official Contacts (current).

 

Related Programs

84.007 Federal Supplemental Educational Opportunity Grants; 84.032 Federal Family Education Loans; 84.033 Federal Work-Study Program; 84.038 Federal Perkins Loan Program_Federal Capital Contributions; 84.063 Federal Pell Grant Program

 

Information Contacts

Regional or Local Office

None. Program description and a List of State student scholarship or assistance agencies available in the Education Department regional offices. Program is administered from the Department's headquarters.

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

Web Site Address

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

 

Examples of Funded Projects

Not Applicable.

 

Criteria for Selecting Proposals

Not Applicable.