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Senator Farnese Announces PHEAA Vote for Additional $50 Million for State Grant Program
On June 16, 2011
HARRISBURG, June 16, 2011 – State Sen. Larry Farnese today announced that the Pennsylvania Higher Education Assistance Agency (PHEAA) has authorized a $50 million public service contribution to the Commonwealth to supplement the Pennsylvania State Grant Program.
“I am very pleased about the action taken today by the PHEAA Board,” said Senator Farnese, who was appointed to the Board of Directors this week. “The Board’s vote to provide $50 million to the Commonwealth to benefit parents and students through the state grant program clearly demonstrates PHEAA’s commitment as a partner to education in Pennsylvania.”The proposed state grant appropriation for the 2011-12 academic year is $380.9 million. Combined with the $50 million supplement, the maximum state grant award will increase from last year’s level of $3,541 to $4,309, approximately $700 more per student.
The Board also voted to extend the deadline to apply for state grants from May 1 to August 1 for non-renewal students who attend community college. Extending the deadline would mean that 15,000 additional community college students would qualify for grants.