The Leveraging Educational Assistance Partnership is overseen by the Department of Education and is directly administered from the Department of Education's headquarters.
The Federal Student Aid office awards grants to State student scholarship or provides money to grant assistance agencies for making grants available or providing work-study financial assistance to students. From there the amount is determined by the financial aid officer and is governed by the number of applicants and the availability of funds at a particular school. Even though the allotment is going to be changing each year, each state is at least guaranteed it will never receive less finances than it did in the allotment of 1979.
The total grants were $64,987,000 in 2007; approximately $63,852,000 in 2008; $63,852,000 in 2009 and $63,852,000 in 2010. Depending on the need of the student and how much they are assigned designated by the institution, the grant received through the program can be as much as $5,000 for a student that is considered full-time (if the student is less than full-time the maximum allotted grant goes down). The average grant that students benefit from with the Leveraging Educational Assistance Partnership is $1000.
Educational Grants - Financing Your Education with State Assistance
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Michael Saunders has an MBA from the Stanford Graduate School of Business.
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