APPROPRIATIONS

Fiscal Year 2008: $64,327,000
Fiscal Year 2007: $65,471,000
Fiscal Year 2006: $65,471,000
Fiscal Year 2005: $66,132,000

Note: Funding in FY 2006–08 is limited to Perkins Loan Cancellations. No funds were appropriated for new Federal Capital Contributions.

2008

Amount of Aid Available: $1,103,000,000 Amount of Aid Available represents the amount of funds awarded to participants in the Federal Student Aid programs. Depending upon the program, this total may include federal appropriated dollars, institutional or state matching dollars, and federal or private loan capital.
Number of New Awards Anticipated: 504,000 Average New Award: $2,190
Range of New Awards: Up to $4,000 per year for undergraduates; up to $6,000 per year for graduate students.

2007

Amount of Aid Available: $1,105,000,000
Amount of Aid Available represents the amount of funds awarded to participants in the Federal Student Aid programs. Depending upon the program, this total may include federal appropriated dollars, institutional or state matching dollars, and federal or private loan capital.
Number of New Awards Anticipated: 501,000
Average New Award: $2,206
Range of New Awards: Up to $4,000 per year for undergraduates; up to $6,000 per year for graduate students.

Note: The Department is not bound by any estimates in this notice.