The government is offering more than $4,500 in federal grants and loans to help low-income students pay for their first-year courses.
The Obama administration is offering $1,000 per student to cover tuition and fees for the first year of a college degree.
The $1 million per year amount is part of a $5.2 billion effort to help students afford their educations.
The $1.5 billion is part the Department of Education’s (DOE) $1 billion college- and graduate-training initiative.
The funds are being awarded for the 2017-2018 academic year.
Under the plan, students with a household income of less than $49,400 will receive up to $2,000 in federal loan aid for the cost of tuition and related fees.
The money is a flat-rate loan for students who don’t have family incomes above that threshold.
Students with household incomes of $49.99, $60,000 or more will get up to an additional $1 the first $1 in their family income.
The program is also available to students who have a parent with income over $100,000 and who qualifies for a student loan forgiveness program.
Students who earn at least $150,000 for two or more years will receive a $500 grant for up to three years of post-graduate training.
Those who graduate from a public university and who have no family incomes over $200,000 will also receive up the $1 grant for three years.
Those with incomes over those levels will receive another $1 for three months of training.
The DOE announced the funding Monday in a budget proposal released to Congress.
The department says it expects the grants to help more than 9,300 students in the first three years and more than 15,000 students in four years.