State Student Grant Aid
The Leveraging Educational Assistance Partnership (LEAP) was established to incentivize states to supplement the federal Pell Grant Program with additional need-based grant aid to low-income students. Unfortunately, LEAP has received no new funding since 2011. State actions since then demonstrate how important it is to maintain LEAP and restore program funding.
Since 2011, four states have shut down their need-based grant programs, and others are actively considering doing the same. The savings to the federal government in defunding LEAP was only $67 million annually, but the loss of grant aid to needy students is immeasurably higher as states have disinvested from these aid programs.
Now, Congress is considering repealing the LEAP authorizing statute – a step that would be penny-wise and pound-foolish.