THIS YEARS SUPPLEMENTAL FWS WILL GO TO HELP HURRICANE VICTIMS

Recently, the Hurricanes Harvey, Irma, and Maria Education Relief Act of 2017 was passed and as a result, Federal Student Aid has adjusted the reallocation process for supplemental FWS funds to assist those students impacted by the hurricanes. Normally supplemental funds are reallocated to other eligible schools but the new legislations provides supplemental FWS funds to be allocated to schools that are in the FEMA-declared disaster areas, and schools that have enrolled a significant number of students that live in the FEMA-declared disaster areas. to work with Congress on additional flexibilities for hurricane-impacted students and schools. Schools are strongly encouraged to award these funds to students impacted by the hurricanes.

2017-2018 CAMPUS BASED FINAL FUNDING AUTHORIZATIONS

The Final Authorizations for the 2017-2018 Campus-Based programs has been posted to the Department’s eCB website. Awards for each Campus-Based program in which a school participates is reflected in the school’s 2017-2018 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 2017-2018 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 2015-2016 funds exceeds 10% of the institution’s 2015-2016 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 eCB website will show the information that was used in the calculation of each school’s 2017-2018 Campus-Based allocations.

The total 2017-2018 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                  $989,728,000
FSEOG              $733,130,000
Perkins Loan    $0

For more information about the 2017-2018 Final Funding Authorizations read the Department’s Electronic Announcement Here.

Schools that wish to request supplemental Federal Work Study funds for 2017-2018 may do so by completing the campus based reallocation form by Monday August 14, 2017. Supplemental FWS funds may only be used for the purpose of employing students in community service jobs and only if the school had a FWS shortfall in their 2017-2018 final funding worksheets.

As a reminder, schools MUST determine whether there will be any unexpended funds available from their 2016-2017 allocations. Unexpended 2016-2017 funds will be used to provide supplemental FWS and/or FSEOG funds in 2017-2018 to other eligible schools, but only if unexpended funds are reported by the deadline.
For more information about the Campus Based Reallocation process click here.