Student Financial Assistance - FY2021

Department of Education STUDENT FINANCIAL ASSISTANCE

Fiscal Year 2021 Budget Request CONTENTS

Page

Appropriations Language ........................................................................................................ P-1 Analysis of Language Provisions and Changes....................................................................... P-2 Appropriation, Adjustments and Transfers .............................................................................. P-3 Summary of Changes ............................................................................................................. P-4 Authorizing Legislation ............................................................................................................ P-5 Appropriations History.............................................................................................................P-6 Summary of Request .............................................................................................................. P-7 Activities.................................................................................................................................. P-9

Federal Pell grants ............................................................................................................. P-9 Federal supplemental educational opportunity grants ....................................................... P-23 Federal work-study ........................................................................................................... P-28 Iraq and Afghanistan service grants.................................................................................. P-36

STUDENT FINANCIAL ASSISTANCE Appropriations Language

For carrying out [subparts 1 , 3, and 10] subpart 1 of part A, and part C of title IV of the HEA, [$24,520,352,000] $22,975,352,000, which shall remain available through September 30, [2021] 2022:1

The maximum Pell Grant for which a student shall be eligible during award year [2020-2021] 2021-2022 shall be $5,2852.

GENERAL PROVISIONS [(RESCISSION)]

[SEC. 308. Of the unobligated balances available under the heading "Student Financial Assistance" for carrying out subpart 1 of part A of title IV of the HEA, $500,000,000 are hereby rescinded.]3 (Department of Education Appropriations Act, 2020.)

NOTE Each language provision that is followed by a footnote reference is explained in the Analysis of Language Provisions and Changes document which follows the appropriation language.

P-1

STUDENT FINANCIAL ASSISTANCE Analysis of Language Provisions and Changes

Language Provision

Explanation

1For carrying out [subparts 1, 3, and 10] subpart 1 of part A of title IV of the HEA, [$24,520,352,000] $22,975,352,000 which shall remain available through September 30, [2021] 2022.

This language sets the availability of funds provided under the account through the end of fiscal year 2022.

2The maximum Pell Grant for which a student shall be eligible during award year [20202021] 2021-2022 shall be $5,285.

This language sets the maximum Pell Grant award for award year 2021-22. Including mandatory funding provided in the Higher Education Act, the Pell Grant maximum award in award year 2021-22 will be $6,345, the same as the previous award year.

GENERAL PROVISIONS

3[Of the unobligated balance available under the heading "Student Financial Assistance" for carrying out subpart 1 of part A of title IV of the HEA, $500,000,000 are hereby rescinded.]

The 2020 Appropriation rescinded $500,000,000 of unobligated funds from the Pell Grant program. The 2021 Request does not include a rescission.

P-2

STUDENT FINANCIAL ASSISTANCE

Appropriation, Adjustments and Transfers (dollars in thousands)

Appropriation/Adjustments/Transfers

Discretionary: Discretionary Appropriation...........................................

Mandatory: Mandatory Appropriation .......................................... Total, discretionary and mandatory appropriation .................

2019

2020

2021

$24,445,352 $24,520,352 $22,975,352

6,758,443 31,203,795

7,143,463 31,663,815

7,009,000 29,984,352

P-3

STUDENT FINANCIAL ASSISTANCE

Summary of Changes (dollars in thousands)

2020 .................................................................................................. 2021 ..................................................................................................

Net change.................................................................................

$31,663,815 29,984,352

-1,679,463

Increases:

Program:

Increase in indefinite mandatory funding required for the addon to the maximum Pell Grant due to higher estimated program costs, including the cost associated with policy proposals.

Subtotal, increases

2020

Change from base

$5,738,000

+$168,000 +168,000

Decreases:

Program:

Decrease in discretionary funding to reflect the elimination of the Supplemental Education Opportunity Grant (SEOG) program.

Decrease in discretionary funding to reflect changes to the Federal Work Study Program.

Decrease in indefinite mandatory funding required for the add-on to the maximum Pell Grant due to projected savings from improper payments.

Decrease in specified mandatory funding for use in the Pell Grant program due to amount provided in the HEA for FY 2020.

Decrease in specified mandatory funding in the HEA to offset the mandatory costs associated with Pell Grant policy proposals.

Decrease in mandatory funding to reflect the move of the Iraq and Afghanistan Service Grant (IASG) program into the Pell Grant program.

Subtotal, decreases

Net change

2020

Change from base

865,000 1,180,000

-865,000 -680,000

5,738,000

-19,000

1,405,000

-235,000

1,405,000

-48,000

463

-463

-1,847,463

-1,679,463

P-4

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