The White House and the U.S. Department of Labor are expected to announce the recipients of what is supposed to be the first round of grants -- worth a total of $500 million -- from the Trade Act Assistance Community College Career Training Program. The program, originally created in lieu of the American Graduation Initiative as part of the Student Aid and Fiscal Responsibility Act of 2010, was unveiled by the Obama administration in January and heralded as "the largest investment in two-year institutions since the G.I. Bill." It is supposed to provide a total of $2 billion over four years.
The grants to be announced today are expected to be of between $2.5 million and $5 million for individual institutions and $2.5 million to $20 million for consortiums of colleges (the consortiums can include four-year institutions, but the lead partner must be a college that offers degrees or certificates of two years or less).
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