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Grant Programs: 2006-2007 and Beyond
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  1. Grant Programs: 2006-2007 and Beyond Kathryn Osmond Wellesley College

  2. Byrd By-by Byrdie (not funded in President’s 07 Budget)

  3. SEOG • Preserved • Funding for FY06 slightly lower but similar to FY 05 • Same preference for awarding to Pell recipients (highest need students)

  4. Pell • Maximum for will be $4050 (06 AND 07) • Limit of 18 semesters (or equivalent) (President’s 07 budget) • Tuition sensitivity very low: only if COA is less than $675 (determined on full-time costs) (President’s 07 budget)

  5. Academic Competitiveness and SMART Grants • New for FY06, this means 2006-2007! • Mandatory programs • Available to full-time Pell recipients • Enrolled in degree-granting institution of higher education • But tied to merit components • Anticipate 600,000 recipients, half to Academic Competitiveness and half to SMART

  6. Academic Competitiveness • First year and second year students in 2 or 4 year college who are Pell-eligible • $750 for 1st year students and $1,300 for 2nd year students • Must have 3.0 GPA at end of 1st year to qualify for 2nd year grant • First year students complete high school after Jan. 2006, second year student after Jan. 2005

  7. Academic Competitiveness (con’t) • Rigorous secondary program—beyond basic high school curriculum • Student has completed that rigorous program. • Intent of Congress to be inclusive: public high schools, private high schools, charter schools, home-schooled • Secretary of Education will recognize the eligible programs.

  8. SMART Grants • National Science and Mathematics Access to Retain Talent (SMART) • Available to 3rd and 4th year college students who are Pell Recipients • $4,000 • GPA of 3.0 in courses required for the qualifying major

  9. SMART (con’t) • Specific fields of study: physical sciences; computer sciences; technology; mathematics; engineering • Also “critical” foreign languages • “Critical” defined by Secretary of Education in conjunction with Director of National Intelligence

  10. Questions • Will Achievement Grants & SMART Grants reduce funding for Pell over time? • Achievement: What is rigorous? Term applied to the whole entity (e.g., high school) or to a program within the entity (college prep)? • How do we determine that the student has successfully completed the program? Designation on h.s. transcript?

  11. Questions (continued) • SMART: What about double majors? Computer Science-Art, for example. Or Art-Computer Science? • How often must the 3.0 average be monitored? Once a year? Each semester? • GPA VS GPA in major • Phasing-in and phasing out of majors and critical languages: will students with SMART Grants be grandfathered?

  12. Questions (continued) • Processes will be manual (little or no computer support initially). • Many questions will arise. Guidance from DOE? • Dear Colleague? • Safe harbor for 2006-2007? • Negotiated rule-making for 2007-2008?