§2352 Distribution of funds for postsecondary education programs

Summary

Each eligible agency must give its share of the federal postsecondary education funds for a year to eligible colleges or groups of colleges in the state. Each college or group gets an amount based on how many students who receive Federal Pell Grants or Bureau of Indian Affairs aid were enrolled in qualifying programs at that college the year before, compared to the total of such students in the state. A group of colleges must run joint projects that serve all members and be large and effective enough to matter. Money for a group must be used only for programs that help all members and are allowed under the law, and it cannot be passed on to benefit just one member. The agency can waive the “serve all members” rule for colleges in rural, sparsely populated areas. The Secretary may allow a state to use a different distribution formula if the state shows the normal formula does not send funds to the institutions with the most economically disadvantaged students and proposes a better formula. No college or group may get less than $50,000. Any amounts not paid because of that minimum are redistributed to other eligible colleges or groups under the same rules.