Academic Competitiveness Grants and National Science and Mathematics Access to Retain Talent (SMART) Grants

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Funding Status

Appropriations

Fiscal Year 2011 $1,000,000
Fiscal Year 2010 $1,336,000,000
Fiscal Year 2009 $73,000,000
Fiscal Year 2008 $920,000,000
Fiscal Year 2007 $850,000,000
Fiscal Year 2006 $790,000,000

Note: FY 2006 was the first year of funding. Any funds not used in any fiscal year can be carried forward for use in subsequent fiscal years. Current estimates of aid awarded are $340 million for ACG and $310 million for SMART Grants.

Note: FY 2007 Awards Information reflects final appropriations action that occurred after the completion of the fiscal year 2008 President's Budget.

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.

Note: Current estimates of aid awarded in FY 2010 are $548 million for ACG and $384 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, and is included in the FY 2010 appropriation. A deferral of $561 million was enacted in FY 2010.

Note: Current estimates of aid awarded in academic year 2009-10 are $480 million for ACG and $359 million for SMART Grants. Any funds not used in a fiscal year can be carried forward for use in subsequent fiscal years. A deferral of $887 million was enacted in FY 2009, and was included in the FY 2010 appropriation. A deferral of $561 million was enacted in FY 2010, $560 million of which was rescinded with the FY 2011 appropriations bill. This program sunsets at the end of the academic year 2010-11.


Awards Information

2011

Amount of Aid Available: $0
Amount of Aid Available represents the amount of funds awarded to participants in this program. This total may include federal appropriated dollars and institutional matching dollars.

Number of New Awards Anticipated: 0
Number of Continuation Awards: 0

2010

Amount of Aid Available: $932,000,000
Amount of Aid Available represents the amount of funds awarded to participants in this program. This total may include federal appropriated dollars and institutional matching dollars.

Number of New Awards Anticipated: 936,000
Average New Award: $697 for ACG; $2,560 for SMART Grants
Range of New Awards: $750–$4,000

2009

Amount of Aid Available: $885,000,000
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

2008

Amount of Aid Available: $700,000,000
Number of New Awards Anticipated: 638,000
Average New Award: $787 for ACG; $3,291 for SMART Grants
Range of New Awards: $750–$4,000

2007

Amount of Aid Available: $730,000,000
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.

Number of New Awards Anticipated: 579,000
Average New Award: $845 for ACG; $3,780 for SMART Grants
Range of New Awards: $750–$4,000

Note: The Department is not bound by any estimates in this notice.


 
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Last Modified: 11/21/2011