Publication Date: April 1, 2004
Award Year: 2004-2005
Publication : Notification of Campus-Based Awards
Notifications Subject: Notification of 2004-2005 Campus-Based Funding
Posted on 04-08-2004
U.S.
DEPARTMENT OF EDUCATION
FEDERAL STUDENT AID PROGRAMS
WASHINGTON, D. C. 20202
CAMPUS-BASED
PROGRAMS
REPORT NO. 2005-1
APRIL 1, 2004
Notification of 2004-2005
Campus-Based Funding
APPROVAL OF AWARDS TO INSTITUTIONS
PARTICIPATING IN THE FEDERAL WORK-STUDY, FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY
GRANT, AND FEDERAL PERKINS LOAN PROGRAMS
Awards to institutions
listed on the following pages have been approved for the Federal Work-Study
(FWS), Federal Supplemental Educational Opportunity Grant (FSEOG) and Federal
Perkins Loan programs, authorized under Title IV of the Higher Education Act
of 1965, as amended, for the Award Year 2004-2005 (July 1, 2004 through June
30, 2005). The format of this notification schedule identifies: 1) the name
and address of the institution; 2) the amount of the awards for the Federal
Perkins Loan Federal share, the FSEOG Federal share and the FWS Federal share;
3) the estimated number of student borrowers in the Federal Perkins Loan Program,
the estimated number of student awards for the FSEOG Program and the estimated
number of students to be employed under the FWS Program for this award period;
and 4) the authorized Federal Perkins Loan Level of Expenditure.
FEDERAL
WORK-STUDY PROGRAM
Under the FWS Program,
institutions provide jobs on-campus and off-campus for needy undergraduate and
graduate students. Federal funds will provide 75 percent of student payrolls
with a few exceptions. A matching institutional or off-campus agency contribution
will provide the remaining 25 percent, unless a regulatory waiver is granted.
The Federal share of earned compensation for employment at private for-profit
organizations may not exceed 50 percent. The Federal share may be 90 percent
under certain conditions for employment at private nonprofit and public agencies.
The Federal funds being obligated at this time for the FWS Program for the 2004-2005
Award Year are $992,821,514. The approved allocations are for a total of 3,363
institutional recipients and are estimated to benefit 782,272 students.
FEDERAL
SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT PROGRAM
Under the FSEOG Program,
institutions make grant awards to undergraduate students with exceptional financial
need. Federal funds will provide 75 percent of the grants to students who are
eligible for the program. There is a maximum student award of $4,000 for each
academic year of undergraduate study awarded by participating institutions.
The institution provides the remaining 25 percent from its own institutional
resources, unless a regulatory waiver is granted. The Federal funds being obligated
at this time for the FSEOG Program for the 2004-2005 Award Year are $769,496,377.
The approved allocations are for a total of 3,808 institutional recipients and
are estimated to benefit 1,090,156 students.
FEDERAL
PERKINS LOAN PROGRAM
Under the Federal Perkins
Loan Program, institutions make low interest loans to needy undergraduate and
graduate students. Federal funds will provide 75 percent of the new capital
contributions to an institution's Federal Perkins Loan Revolving Fund and an
institutional contribution will provide the remaining 25 percent. The Federal
funds being obligated at this time for the Federal Perkins Loan Program for
the 2004-2005 Award Year are $98,556,395. The approved allocations are for a
total of 1,782 institutional recipients and are estimated to benefit 1,048,716
students. All institutions, including those not receiving a new Federal capital
contribution, are authorized to use cash from their revolving fund up to the
amount of their Federal Perkins Loan Level of Expenditure.
Further information about
these awards may be obtained from the Campus-Based Call Center at (877) 801-7168.
Attachments/Enclosures:
Notification of Campus-Based Funding for the 2004-2005 Award Year for the States of Alabama through Iowa in PDF Format, Size 461KB, 168 pages
Notification of Campus-Based Funding for the 2004-2005 Award Year for the States of Kansas through North Carolina in PDF Format, Size 449KB, 165 pages
Notification of
Campus-Based Funding for the 2004-2005 Award Year for the States of North Dakota
through Wyoming in PDF Format, Size 440KB, 162 pages
