In order to receive Impact Aid payments, each school district must submit an Impact Aid application annually to the U.S. Department of Education. The application deadline is usually January 31. The Department reviews the applications and processes payments to eligible school districts based on congressional appropriations each fiscal year (October 1 – September 30). The Department allocates funding in multiple installments until all available funds are distributed. School district applications are audited by the Department on a regular basis
Impact Aid funding is appropriated annually by Congress. The House and Senate Labor, Health and Human Services, Education Appropriations Subcommittees have jurisdiction over it. Below is an example of what an annual cycle of Impact Aid (applications to payments) may look like:
Download “Impact Aid Application and Payment Cycle” Infographic
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Download “Impact Aid Funds and Single Audits” from U.S. Department of Education