| ASSISTANCE CONSIDERATIONS |
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· Length and Time Phasing of Assistance |
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Annual payments to the schools are given on a lump-sum basis. |
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· Formula and Matching Requirements |
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Annual assistance payment of $297,000 to regional academies if matched by State appropriations and if out-of-State students are enrolled. Federal assistance consists of (1) lump-sum annual assistance payment to schools, (2) loan of vessel and payment for its maintenance, and (3) student incentive payments. States are required to show that their annual funding for the school at least matches the Federal lump sum assistance payment. |
See AidPage for more information on: State Maritime Schools
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