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One one hand the Compact provides a huge array of national and state level assistance, as well as individual access to a wide range of US program traditionally reserved for US citizens. Direct assistance means that Micronesian schools receive money from the US Department of Education, the FSM Post Office works in conjunction with the USPS, and many of federal programs in the FSM mirror US departments in structure and funding source.
At the individual level the Compact includes the full range of social services and safety net entitlement programs, eligibility for higher education loans and grants, unrestricted migration to and from the US with only a passport, as well as the ability to enlist in the US military. This has led to large numbers of Micronesians living and working in Guam, Hawaii, and even the mainland US.
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More Information:
Analysis of Compact II by Dr. Robert A. Underwood of the East-West Center in Guam.
Independency and Self-Sufficiency in the Post Cold War Pacific by Ellen Boneparth, and M. James Wilkinson, Ambassador (Ret.)
Fact Sheet written by the US Citizenship and Immigration Services about the Compact defined rights of Micronesians in the US.
-Habele.org