| ASSISTANCE CONSIDERATIONS |
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· Length and Time Phasing of Assistance |
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Funds are awarded for use by participating institutions for one award year at a time following the year of application. |
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· Formula and Matching Requirements |
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Funds are allocated to institutions on the basis of the institution's guarantee allocations and demonstrated need for funding. Institutions award funds to students on the basis of financial need as determined by the Federal Needs Analysis Methodology specified in statute. The institutional capital contribution (ICC) for institutions is one-third of the FCC (or 25 percent of the combined FCC and ICC). |
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