Obama Receives Higher Education Funding Increases from Congress
Thursday, 07 January 2010 12:26
For student aid, the bill includes $17.5 billion for the Pell Grant program to fund an appropriated base grant of $4,860. When the $690 from mandatory funds is added to that, it takes the total student maximum grant to $5,550 for 2010-11. This is a $207 million increase in funding over last year, and a $200 increase in the maximum grant.
Other major increases in the bill include a $117 million increase for Student Aid Administration, to help fund the Department of Education’s conversion to direct lending; a $5 million increase for TRIO programs; a $10 million increase for GEAR UP; and increases for all Title III and V Strengthening Institutions Grants. International Education programs were also increased by $7 million.
While no new funding was provided for the Perkins Loan program, the other campus-based programs were level funded at last year’s amounts of $757.4 million for Supplemental Educational Opportunity Grants; $980.4 million for Federal Work Study; and $63.8 million for LEAP state grants. Graduate programs were also level funding, with Javits at $9.6 million, and GAAN at $31 million.
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