- Nevada is one of a handful of states left on the hook for promised federal funding to cover the cost of advanced placement exams for low-income students after the U.S. Department of Education announced Wednesday that it would only cover $38 per exam instead of the promised $53.
- According to CollegeBoard Senior Vice President Trevor Packer, Nevada's Department of Education was given $248,657 in federal money, which only covers 78 percent of the $317,576 cost of allowing qualifying low-income students to take around 6,000 AP exams this past May.
- All together, 43 states were given more than $21.5 million in grants to recoup the cost of the exams, but that was still about $8 million less than the $30 million AP exam cost taken on by education departments nationwide--leaving school districts and state departments with a $15-per-exam hole.
From the article:
State education departments across the country may be surprised to find they're on the hook for hundreds of thousands of dollars in promised federal funding to help low-income students take the college-level Advanced Placement exams. Since 1999, CollegeBoard — the nonprofit makers of the test — and the federal government shared the cost of waiving the $79 fee to allow thousands of low-income students to take the AP exam. High school students could obtain college credit for high scores on the 5-point exams, reducing the time required to get a degree and lowering the cost of college.