{"data":{"id":"us/34-cfr-692.113","jurisdiction":"us","citation":"34 CFR 692.113","heading":"What are the matching requirements for the GAP Program?","body":"(a) The matching funds of a partnership—\n(1) Shall be funds used for making LEAP Grants to eligible students under this subpart;\n(2) May be—\n(i) Cash; or\n(ii) A noncash, in-kind contribution that—\n(A) Is fairly evaluated;\n(B) Has monetary value, such as a tuition waiver or provision of room and board, or transportation;\n(C) Helps a student meet the cost of attendance at an institution of higher education; and\n(D) Is considered to be estimated financial assistance under 34 CFR 673.5(c); and\n(3) May be funds from the State, institutions of higher education, or philanthropic organizations or private corporations that are used to make LEAP Grants under GAP.\n(b) The non-Federal match of the Federal allotment shall be—\n(1) Forty-three percent of the expenditures under this subpart if a State applies for a GAP allotment in partnership with—\n(i) Any number of degree-granting institutions of higher education in the State whose combined full-time enrollment represents less than a majority of all students attending institutions of higher education in the State as determined by the Secretary using the most recently available data from IPEDS; and\n(ii) One or both of the following—\n(A) Philanthropic organizations that are located in, or that provide funding in, the State; or\n(B) Private corporations that are located in, or that do business in, the State; and\n(2) Thirty-three and thirty-four one-hundredths percent of the expenditures under this subpart if a State applies for a GAP allotment in partnership with—\n(i) Any number of degree-granting institutions of higher education in the State whose combined full-time enrollment represents a majority of all students attending institutions of higher education in the State as determined by the Secretary using the most recently available data from IPEDS; and\n(ii) One or both of the following—\n(A) Philanthropic organizations that are located in, or that provide funding in, the State; or\n(B) Private corporations that are located in, or that do business in, the State.\n(c) Nothing in this part shall be interpreted as limiting a State or other member of a partnership from expending funds to support the activities of a partnership under this subpart that are in addition to the funds matching the Federal allotment.","path":["Title 34—Education","Subtitle B—Regulations of the Offices of the Department of Education","CHAPTER VI—OFFICE OF POSTSECONDARY EDUCATION, DEPARTMENT OF EDUCATION","PART 692—LEVERAGING EDUCATIONAL ASSISTANCE PARTNERSHIP PROGRAM","Subpart C—Grants for Access and Persistence Program"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-34.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:25:40Z","sha256":"1b7d2fc13b023d4d0a7ea2c027fdac450f307d79b50f2b957c6b504b004a0938","source_id":"us-cfr","stale":true,"prev":"us/34-cfr-692.112","next":"us/34-cfr-692.120"},"notice":"GroundRules: Original legal text. Not legal advice."}