Federal Correctional Education Assistance Act

Federal Correctional Education Assistance Act - Declares the purpose of this Act to be to provide financial assistance to the States to carry out educational programs for criminal offenders in juvenile and adult correctional institutions.

Authorizes appropriations for FY 1984 through 1986 to enable the Secretary of Education to make grants to States under this Act, with such appropriations to remain available until expended. Authorizes the Secretary to make grants to State educational agencies and grants for programs of national significance.

Sets forth formulas for the allocation of funds under this Act. Prohibits the use of funds for purposes inconsistent with the Juvenile Justice and Delinquency Prevention Act of 1974.

Sets forth permissible uses of grants made to States under this Act, including: (1) academic programs for basic education, special education, bilingual or bicultural study, secondary school credit, postsecondary study, fine arts, recreation and health, and curriculum development; (2) vocational training; (3) library development and services; (4) teacher training; (5) educational release programs; (6) guidance; (7) supportive services; and (8) job training.

Sets forth requirements for State applications for assistance under this Act.

Authorizes the Secretary to make, from specified reserved funds, grants to State and local educational agencies, institutions of higher education, State correctional agencies, and other public and nonprofit organizations and institutions to meet the costs of programs of national significance which the Secretary determines give promise of improving the education of criminal offenders.

Sets forth provisions for payment and withholding of funds under this Act.