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LEAP And SLEAP Update

Get the latest updates on LEAP and SLEAP programs at the National Association of State Student Grant and Aid Programs (NASSGAP) Spring Conference in Washington, DC on June 11, 2003. The agenda includes program information, operational calendar, budget figures, program data, and more.

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LEAP And SLEAP Update

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  1. LEAP And SLEAP Update National Association of State Student Grant and Aid Programs (NASSGAP) Spring Conference Washington, DC June 11, 2003

  2. Agenda • Introduction • Program Info • Operational Calendar • Budget Figures • Program Data and Other Info • Introduction • General Manager, Financial Partners Channel • Director, State Agency Liaison • Q and A’s/Comments

  3. LEAP and SLEAP Operational Calendar June 2003 Reallotments of FY 02 SLEAP Funds to States 2003-2004 Awards to States 51 of 56 possible applied for LEAP 12 of the 51 did not request SLEAP funding Less than a third applied on-line October 2003 Due Date for 2002-2003 LEAP/SLEAP Performance Reports Nov/Dec 2003 ED Reviews and Evaluates LEAP/SLEAP Performance Reports March 2003 Deadline Dates Notice Published May 2003 2004-2005 LEAP and SLEAP Applications are Due (Pending Appropriation) May 2003 2003-2004 Reallotments (if any) to States June 2003 2004-2005 LEAP and SLEAP Awards to States (Pending Appropriation)

  4. Budget Figures FY 2004 (President’s Budget Request) $ 0 FY 2003 $65.5 Million*^ Past Years Allocations FY 2002 $67 Million* FY 2001 $55 Million* *For any fiscal year for which the amount appropriated under the LEAP Program exceeds $30,000,000 the excess shall be available to carry out the SLEAP Program. ^ 1% decrease due to the supplemental appropriations bill

  5. LEAP and SLEAP Performance Report Data for the 2001-2002 Award Year Total State Aid Total = $5,317,191,563 In State Grant Aid

  6. LEAP and SLEAP Program Performance Report Data for the 2001-2002 Award Year Total Program Expenditures Total = $5.3+ billion

  7. LEAP and SLEAP Program Performance Report Data for the 2001-2002 Award Year Expenditures by Type of Institution

  8. LEAP and SLEAP Program Performance Report Data for the 2001-2002 Award Year Expenditures By Student Income Level

  9. LEAP and SLEAP Program Performance Report Data for the 2001-2002 Award Year Grant Recipients by Type of Institution

  10. LEAP and SLEAP Program Performance Report Data for the 2001-2002 Award Year Grant Recipients by Income Level SLEAP LEAP Grant Recipients by Dependency Status LEAP SLEAP

  11. LEAP and SLEAP Program Performance Report Data for the 2001-2002 Award Year Total LEAP Federal Expenditures = $ 29,338,099 Total LEAP State Matching Expenditures = $ 935,531,183 Total State MOE Requirement = $ 812,495,658 Total Amount States Overmatch = $ 123,035,525 (Above MOE Requirement) Total Number of LEAP Student Recipients = 654,822 Student Recipient Average Award = $ 1,473 Total SLEAP Federal Expenditures = $ 23,670,719 Total SLEAP State Matching Expenditures = $ 193,923,551 Total Number of SLEAP Student Recipients = 264,422 Student Recipient Average Award = $ 823

  12. LEAP and SLEAP Program Performance Report Data for the 2001-2002 Award Year SLEAP Base Year 1999-2000 Total State Aid Awarded: $ 3,822,042,181 Minus All Non Need Based Aid $ 783,013,281 Leaves Need Based Aid Awarded: (SLEAP Base) $ 3,039,028,900

  13. LEAP and SLEAP Program Performance Report Data for the 2001-2002 Award Year Total State Aid

  14. General ManagerFinancial PartnersKristie HansenState Agency LiaisonMike Sutphin

  15. LEAP and SLEAP Programs Contact Greg Gerrans greg.gerrans@ed.gov Direct/VM: 202-377-3304 Fax: 202-275-0913 Main Office: 202-377-2153 Questions, comments, feedback please e-mail us at: Partners@ed.gov Please visit our Financial Partners portal at: www.fp.ed.gov

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