Current Year: Grants: $l20,000,000 Loans: $0,000 Other: $0,000 Total: $l20,000,000 OBJECTIVES: To encourage eligible entities to provide or maintain a guarantee to eligible low- income students who obtain a secondary diploma (or its recognized equivalent), of the financial assistance necessary to permit the students to attend an institution of higher education; and supports eligible entities in providing additional counseling, mentoring, academic support, outreach, and supportive services to elementary and middle schools, and secondary school students who are at risk of dropping out of school; and information to students and their parents about the advantages of obtaining a postsecondary education and the college financing options for the students and their parents. APPLICATION AND AWARD PROCESS: Pre-application Coordination: This program is eligible for coverage under Executive Order 12372, Intergovernmental Review of Federal Programs. An applicant should consult the office or official designated as the single point of contact in his/her State for more information on the process the State requires to be followed in applying for assistance, if the State has selected the program for review. Application Procedure: In any fiscal year in which funds are available for new awards, the Department of Education publishes a notice in the Federal Register inviting applications and establishing a deadline
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