2018-19 FINAL FUNDING AUTHORIZATIONS FOR THE CAMPUS-BASED PROGRAMS

The Final Authorizations for the 2018-2019 Campus-Based programs have been posted to the Department’s COD website (not eCB anymore). Awards for each Campus-Based program in which a school participates is reflected in the school’s 2018-2019 Statement of Account.

Each institution that applied for funds under the Federal Supplemental Educational Opportunity Grant (FSEOG), Federal Work-Study (FWS), and/or Federal Perkins Loan (Perkins Loan) programs for the 2018-2019 Award Year receives a tentative funding level which is based on a Base Guarantee and a Fair Share Increase. However, if the amount of unexpended 2016-2017 funds exceeds 10% of the institution’s 2016-2017 allocation and no waiver for that unexpended amount was approved, the allocation is reduced by the unexpended amount. The final funding worksheets posted on the COD website will show the information that was used in the calculation of each school’s 2018-2019 Campus-Based allocations.

The total 2018-2019 federal funds available for allocation to schools under the FWS, FSEOG, and Perkins Loan programs are as follows:

Program           Total Federal Funds Available for Allocation to Schools

FWS                  $1,130,000,000

FSEOG              $840,000,000

Perkins Loan    $0

For more information about the 2018-2019 Final Funding Authorizations read the Department’s Electronic Announcement here.