Fiscal Year 2008 : $63,852,000
Fiscal Year 2007 : $64,987,000
Fiscal Year 2006 : $64,987,000
Fiscal Year 2005 : $65,643,000

Note: Each state's allotment is based on its relative share of the total national population of "students eligible to participate" in the LEAP Program. If LEAP (formerly SSIG) appropriations are below 1979 levels, each state is allotted an amount proportional to the amount of funds it received in 1979. States must, at a minimum, match LEAP grants dollar-for-dollar with state funds provided through direct state appropriations for this purpose. If a state does not use all of its allotment, the excess funds are distributed to other states in the same proportion as the original distribution.

Pursuant to the Higher Education Act (HEA), Sec. 415A(b)(2), when the appropriation for the LEAP Program exceeds $30 million, the excess shall be available to carry out the Special Leveraging Educational Assistance Partnership (SLEAP) Program, authorized under HEA, Sec. 415E. See SLEAP, # 84.069B, also under the topical heading "Federal Student Aid."

2008

2007

Amount of Aid Available: $165,000,000
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: 165,000
Average New Award: $1,000
Range of New Awards: $100–$5,000

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