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April 25, 2008, Newsletter Issue #113: LEAP Program Provides Federal Funding to States for Educational Grants
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Tip of the Week
The Leveraging Educational Assistance Partnership (LEAP) Program is a federal program that provides education grants to states for the ultimate purpose of disbursement to eligible college students with demonstrated financial needs. These funds are intended to be utilized for community-related work study programs and educational grants based on financial need.
The U.S. Department of Education (DOE) allocates LEAP funds to each state based on the proportion of the national population eligible to participate in the LEAP funding living in the state. Each state is required to allocate sufficient funding to match the federal LEAP education grant funds on a dollar-for-dollar basis. The DOE requires that a single state agency be charged with the responsibility of administering the LEAP program and remaining compliant with all program requirements.
College students who wish to apply for LEAP grants must apply to their state of legal residence. If a state does not use all of its funds, any overage is disbursed among the remaining states proportionally. For more information about the LEAP program, call the Federal Student Aid Information Center at 800-FED-AID.
The LEAP program was once referred to as the State Student Incentive Grant (SSIG) program.
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