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ERIC Number: ED593484
Record Type: Non-Journal
Publication Date: 2018-Feb-20
Pages: 26
Abstractor: ERIC
ISBN: N/A
ISSN: N/A
Campus-Based Student Financial Aid Programs under the Higher Education Act. Updated
Fountain, Joselynn H.
Congressional Research Service
Three Higher Education Act (HEA) student financial aid programs--the Federal Supplemental Educational Opportunity Grant (FSEOG) program, the Federal Work-Study (FWS) program, and the Federal Perkins Loan program--collectively are referred to as the campus-based programs. Under the campus-based programs, federal funding is provided to institutions of higher education for the provision of need-based financial aid to students. Institutions participating in the programs are required to provide matching funds equal to approximately one-third of the federal funds they receive. Each program provides students with a distinct type of aid. The FSEOG program provides grant aid only to undergraduate students. The FWS program provides undergraduate, graduate, and professional students the opportunity for paid employment in a field related to their course of study or in community service. The Perkins Loan program provided low-interest loans with favorable terms and conditions to undergraduate, graduate, and professional students. The programs are among the oldest of the federal postsecondary aid programs; however, they now operate amid a host of other aid programs and tax benefits, some of which are not need-based. At present, a relatively small proportion of all students receive campus-based financial aid. This report describes the FSEOG, FWS, and Federal Perkins Loan programs. It also presents historical information on appropriations provided for the programs and the federal student aid that has been made available to students through the programs.
Congressional Research Service. Web site: https://crsreports.congress.gov/
Publication Type: Reports - Descriptive
Education Level: Higher Education; Postsecondary Education
Audience: Policymakers
Language: English
Sponsor: N/A
Authoring Institution: Library of Congress, Congressional Research Service (CRS)
Identifiers - Laws, Policies, & Programs: Perkins Loan Program; Higher Education Act 1965