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LEAP And SLEAP Update

Stay informed with the LEAP and SLEAP operational calendar, program data, budget figures, and online system redesign updates. Learn about the upcoming deadlines and performance reports for the grant programs. Contact us for more information.

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LEAP And SLEAP Update

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  1. LEAP And SLEAP Update National Association of State Student Grant and Aid Programs (NASSGAP) Spring Conference Washington, DC May 25, 2004

  2. Agenda • Introduction • Program Info • Operational Calendar • Budget Figures • Program Data • On-Line System Redesign • Q and A’s/Comments

  3. LEAP and SLEAP Operational Calendar May 2004 Reallotments of FY 03 Funds to States June 2004 2004-2005 Awards to States To date: 23 of 56 possible applied for Funding October 2004 Due Date for 2003-2004 LEAP/SLEAP Performance Reports Nov/Dec 2004 ED Reviews and Evaluates LEAP/SLEAP Performance Reports March 2005 Deadline Dates Notice Published April-May 2005 2004-2005 Reallotments (if any) to States May 2005 2005-2006 LEAP and SLEAP Applications are Due (Pending Appropriation) June 2005 2005-2006 LEAP and SLEAP Awards to States (Pending Appropriation)

  4. Budget Figures FY 2005 (President’s Budget Request) $ 0 FY 2004 $66.1 Million* Past Years Allocations FY 2003 $65.5 Million* FY 2002 $55 Million* *For any fiscal year for which the amount appropriated under the LEAP Program exceeds $30,000,000 the excess shall be available to carry out the SLEAP Program.

  5. LEAP and SLEAP Program Data 2002-2003 Award Year Total State Aid Total = $5,650,908,299 In State Grant Aid

  6. LEAP and SLEAP Program Data 2002-2003 Award Year Size of the LEAP and SLEAP Programs $1,220,207,725 Total Size

  7. LEAP and SLEAP Program Data 2002-2003 Award Year Expenditures by Type of Institution

  8. LEAP and SLEAP Program Data 2002-2003 Award Year Expenditures By Student Income Level

  9. LEAP and SLEAP Program Data 2002-2003 Award Year Grant Recipients by Type of Institution

  10. LEAP and SLEAP Program Data 2002-2003 Award Year Grant Recipient Population

  11. LEAP and SLEAP Program Data 2002-2003 Award Year Grant Recipients by Income Level 159,141 550,187 311,502

  12. LEAP and SLEAP Program Data 2002-2003 Award Year Total LEAP Federal Expenditures = $ 29,680,025 Total LEAP State Matching Expenditures = $1,034,000,672 Total State MOE Requirement = $ 974,339,103 Total Amount States Overmatch = $ 59,661,568 (Above MOE Requirement) Total Number of LEAP Student Recipients = 696,466 Student Recipient Average Award = $ 1,527 Total SLEAP Federal Expenditures = $ 35,412,726 Total SLEAP State Matching Expenditures = $ 121,114,302 Total Number of SLEAP Student Recipients = 324,364 Student Recipient Average Award = $ 483

  13. LEAP and SLEAP Program Data 2002-2003 Award Year Program Projections

  14. LEAP On-Line System Redesign O11ie Project Overview • Consolidate the Department’s accounting systems (OCFO & FSA) – 1 solution • Form 2000/LARS/LAP/and LEAP/SLEAP integrated with current FSA/FMS • Improve efficiency of ED’s financial systems & operations • Take advantage of Business Process Re-engineering • Apply Lessons Learned • Implement Best Practices • Implement/improve audit trails from feeders to Core • Summarize feeder data (ID level of detail needed) • Consistent formats from feeders • CSB, COD, CDDT, LAP/LARS, Form 2000, and LEAP/SLEAP • Streamline processes • Ensure coordination with FSA initiatives (data strategy, CSB efforts, FEBI, etc.)

  15. Project Timeline

  16. Financial Partners ServicesState Agency LiaisonMike Sutphinmike.sutphin@ed.gov

  17. LEAP and SLEAP Programs Contact Greg Gerrans greg.gerrans@ed.gov Direct/VM: 202-377-3304 Fax: 202-275-0913 Main Office: 202-377-2153 Questions, comments, feedback please e-mail us at: Partners@ed.gov Please visit our Financial Partners portal at: www.fp.ed.gov

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