2009

• $73,000,000
  Note: Current estimates of aid awarded in FY 2009 are $554 million for ACG and $331 million for SMART Grants. Any funds not used in any fiscal year can be carried forward for use in subsequent fiscal years. A deferral of $887 million was enacted in FY 2009. Those funds are available Oct. 1, 2009.

• Awards Information
  

  • Amount of Aid Available: $885,500,000
  • Number of New Awards Anticipated: 910,000
  • Average New Award: $787 for ACG; $3,291 for SMART Grants
  • Range of New Awards: $750 - $4,000

2006

• $790,000,000

• Awards Information
  

  • Amount of Aid Available: $789,500,000
  • Number of New Awards Anticipated: 535,000
  • Average New Award: $1,447
  • Range of New Awards: $750 - $4,000

Note: FY 2006 is the first year of funding for this program.

Amount of Aid Available represents the amount of funds awarded to participants in the Federal Student Aid programs. Depending upon the program, this total may include federal appropriated dollars, institutional or state matching dollars, and federal or private loan capital.