How much financial aid...
Range and Average of Financial Assistance
Currently, the monthly full-time benefit can range from $732 to over $1,800 depending on the length of the service obligation, military incentives, and voluntary contributions. In most cases, benefits last for 36 calendar months of full-time training. The work-study allowance is limited to the higher of the Federal minimum wage, or the State minimum wage where work is performed. Tutorial assistance can be up to a maximum of $1,200.
This section lists the representative range (smallest to largest) of the amount of financial assistance available. These figures are based upon funds awarded in the past fiscal year and the current fiscal year to date. Also indicated is an approximate average amount of awards which were made in the past and current fiscal years.
(Direct Payments) FY 03 $1,376,127,000, FY 04 estimate $1,638,147,000 and FY 05 estimate $1,869,878,000.
The dollar amounts listed in this section represent obligations for the past fiscal year (PY), estimates for the current fiscal year (CY), and estimates for the budget fiscal year (BY) as reported by the Federal agencies. Obligations for non-financial assistance programs indicate the administrative expenses involved in the operation of a program.
Note: This 11-digit budget account identification code represents the account which funds a particular program.
This code should be consistent with the code given for the program area as specified in Appendix III of the Budget of the United States Government.