Leveraging Educational Assistance Partnership Act

Leveraging Educational Assistance Partnership Act - Amends the Higher Education Act of 1965 to extend through FY 2003 the authorization of appropriations for Grants to States for State Student Incentives (SSI grants).

Establishes a Special Leveraging Educational Assistance Partnership Assistance Program of grants to States for the following activities on behalf of eligible students who demonstrate financial need: (1) increased dollar amounts for SSI grant awards; (2) transition programs from secondary school to postsecondary education; (3) community service programs; (4) a scholarship program for such students who wish to enter teaching; (5) early intervention programs, mentoring programs, and career education programs; and (6) merit or academic scholarships. Sets the Federal share at one-third of the cost of authorized activities.