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ARRA - State Loan Repayment Program - #93.402

Direct Payments For Specified Use; Project Grants

FY 09 Range of awards: $50,000 to 2,000,000; average: $323,000.

A grant award is for 1 year. Applicants may propose a project period of up to 2 years. States are asked to commit the full amount of funding for their loan repayment awards to practitioners in the current fiscal year to avoid out-year commitments for additional Federal funds. See the following for information on how assistance is awarded/released: Grantee drawdown funds, as necessary, from the Payment Management System (PMS). PMS is the centralized web based payment system for HHS awards.

Subsequent funding depends upon the availability of funds and program performance. Renewals are funded through a non-competitive process each year. It is anticipated that there will be no ongoing support of SLRP grant activities after the end of the two-year project period.

Join conversations about this Program specifically... and Student Financial Aid (in general) on our sister site Aidpage dedicated to online mutual support and sharing of information.

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