NASFAA Examines Final ACG/SMART Rules Part 2: Mandatory Institutional Participation & Administrative Cost Allowance

NASFAA continues its examination of the Department of Education’s Nov. 1 Final Rule on the Student Assistance General Provisions that included the Academic Competitiveness Grant (ACG) and National Science & Mathematics Access to Retain Talent (SMART) Grant programs. NASFAA is discussing some of the implications of these rules with the Department. As we learn more information over the coming days, we will continue to publish articles in Today’s News to inform NASFAA members of what we have learned. In this article we examine the final rules on two issues: mandatory institutional participation in the two new grant programs and the administrative cost allowance.

Originally posted to NASFAA’s Today’s News on 11/13/06.