U.S. Department of Education: Promoting Educational Excellence for all Americans

A r c h i v e d  I n f o r m a t i o n

FY 2003 Budget Summary - February 4, 2002


U.S. Department of Education Fiscal Year 2003 President's Budget

(in thousands of dollars) Category
Code
2001
Appropriation
2002
Appropriation
2002
Proposed Supplement
2003
President's Request
President's Request Compared to 2002 Appropriation
Amount Percent
OFFICE OF STUDENT FINANCIAL ASSISTANCE PROGRAMS (OSFAP)
Student Financial Assistance
1. Federal Pell grants
D 8,756,000 10,314,000 1,276,0001 10,863,000 549,000 5.3%
Funding surplus used (non-add)
D 256,000 0 --- 0 0 ---
Funding surplus not used (non-add)
D 0 0 --- 0 0 ---
Prior-year funding shortfall (non-add)
D 0 (860,000) --- 0 860,000 -100.0%
Current-year funding shortfall (non-add)
D 860,000 1,276,000 --- 0 (1,276,000) -100.0%
SUBTOTAL, Program Cost (non-add)   9,872,000 10,730,000 1,276,000 10,863,000 133,000 1.2%
SUBTOTAL, Appropriation   8,756,000 10,314,0001 1,276,000 1 10,863,000 549,000 5.3%
Maximum award (in whole dollars)   3,750 4,000 --- 4000 0 0.0%
Recipients (in thousands)   4,284 4,444 --- 4,499 55 1.2%
Average award (in whole dollars)   2,299 2,410 --- 2,410 0 0.0%
2. Campus-based programs:
 (a)Federal supplemental educational opportunity grants (HEA IV-A-3)
D 691,000 725,000 --- 725,000 0 0.0%
 (b)Federal work-study (HEA IV-C)
D 1,011,000 1,011,000 --- 1,011,000 0 0.0%
 (c)Federal Perkins loans (HEA IV-E):
(1) Capital contributions D 100,000 100,000 --- 100,000 0 0.0%
(2) Loan cancellations D 60,000 67,500 --- 67,500 0 0.0%
SUBTOTAL   160,000 167,500 --- 167,500 0 0.0%
SUBTOTAL, Campus-based programs   1,862,000 1,903,500 --- 1,903,500 0 0.0%
3. Leveraging educational assistance partnership (HEA IV-A-4)
D 55,0002 67,0002 --- 0 (67,000) -100.0%
4. Loan forgiveness for child care providers (HEA 428K)
D 1,000 1,000 --- 1,000 0 0.0%
Total D 10,674,000 12,285,500 1,276,000 12,767,500 482,000 3.9%
Outlays D 10,160,986 11,992,512 0 12,695,920 703,408 5.9%
1 A supplemental of $1,276,000 thousand is proposed to eliminate the projected fiscal year 2002 funding shortfall, which when enacted would increase the Pell Grants 2002 appropriation to $11,590,000 thousand. The supplemental funds for Pell Grants are to be completely offset by a rescission of funds from unrequested earmarks and low-priority programs in the fiscal year 2002 appropriations for the Departments of Labor, Health and Human Services, and Education. The specific rescissions from each agency would be determined by congressional appropriations action.
2 Includes $25,000 thousand in fiscal year 2001 and $37,000 thousand in fiscal year 2002 for Special LEAP, pursuant to HEA Section 415A(b)(2) which states that when the appropriation for LEAP exceeds $30,000 thousand, the excess shall be reserved to carry out Special LEAP authorized under HEA Section 415E.
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This page was last updated 02/05/02 (mjj)