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Minorities and Retirement Security Program
March 6, 2013
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Outline Introduction and Purpose Priority Research Areas Funding Indirect Cost Rate Institutions’ Responsibilities (Grantee) Evaluation Criteria Page Limits Who is Eligible to Apply How to Apply Contact Information Questions and Answers
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Purpose
A joint effort between Department of Education and the Social Security Administration
Increase the retirement security and financial literacy research capacity and output at eligible Hispanic and Historically Black Serving Institutions (HBSIs)
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Purpose
The Minorities and Retirement Security (MRS) Program will provide grants to support sheltered competitive post-graduate apprentice scholars (fellows) at selected minority serving graduate institutions in the area of retirement security.
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Priority Research Areas (PRA)
Priority research areas: Financial literacyPersonal savingsLabor force planningFinancial decisionmaking Personal debtLow- to moderate-income communities
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Funding
Up to $120,000 (direct and indirect cost) available the initial 12-month budget period
Up to four option years may be exercised
Funds may be used to support fellows
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Funding
Award amount per year depends upon the number of fellows supported by stipends
The number of fellows requested each year will depend upon the number of faculty proposed to serve as faculty mentors
Up to three fellows maximum per mentor
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Funding
Fellows can receive stipends for a
Maximum of 2 years when enrolled in a master’s degree program
OR 4 years when enrolled in a doctoral program
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Indirect Cost Rate
The indirect cost rate for this program is 8 percent, as outlined by U. S. Department of Education regulation.
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Institutions’ ResponsibilitiesPrimary responsibilities:Define objectives and approaches
Provide research training opportunities to fellows, including planning research, developing interventions, conducting studies, and analyzing data
Publish results, interpretations, and conclusions of their work
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Institutions’ Responsibilities
Identification of a Training Director
Ensure associated research is relevant to retirement security or financial literacy in the United States
Publish or otherwise make publicly available the results of the work supported by the grant
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Institutions’ Responsibilities
The Training Director
Has the authority and responsibility for proper conduct of the fellowship program
Is the primary contact on the scientific and related budgetary aspects of the training program
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Evaluation Criteria
Significance 5 Points
Quality of Project Design 20 Points
Quality of Project Services 20 Points
Quality of Project Personnel 15 Points
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Evaluation Criteria
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Adequacy of Resources 10 Points
Quality of the Management Plan 10 Points
Project Evaluation 20 Points
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Page Limits
Application narrative is limited to 40 pages Each page containing a word will be
considered one page Exceptions:
Part I (Application for Federal Assistance; SF 424) does not count against the page limit
A required table of contents does not count against the page limit
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Page Limits
Use a font that is 12-point, but not smaller than 10 characters per inch
Times New Roman, Courier, Courier New, or Arial are approved fonts
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Who is Eligible to Apply
Institutions of higher education (IHEs) that currently are grantees (in good standing) under one of the following programs:Strengthening Historically Black Graduate Institutions (HBGI) [84.031B];Master's Degree Programs at Historically Black Colleges and Universities (HBCU-Masters) [84.382G];Promoting Postbaccalaureate Opportunities for Hispanic Americans (PPOHA) [84.031M]; andMaster's Degree Programs at Predominantly Black Institutions (PBI-Masters) [84.382D].
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How to Apply At Grants.gov: www.grants.gov
Perform an Application Search 1. “Find Grant Opportunities” (Left menu)2. Search by “CFDA Number 84.414” (Omit Alpha)
♦Apply before deadline - March 25, 2013
♦Electronic Applications only unless a waiver is granted
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How to Apply
If a telecommunications device for the deaf (TDD), is required, call the Federal Relay Service (FRS), toll free, at 1-800-877-8339
Individuals with disabilities can obtain a copy of the application package in an accessible format (e.g., braille, large print, audiotape, or compact disc) by contacting the program contact person
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For More Information
Visit: http://www2.ed.gov/programs/mrs/index.htmlOR Contact
Karen Epps E-mail: [email protected]: (202) 502-7774
ORDiana Hayman, at: [email protected] Telephone: (202) 502-7653
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Minorities and Retirement Security Program
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