Higher Education Stimulus – Recovery And Reinvestment Act

As per the American Recovery and Reinvestment Act of 2009, popularly known as the ARRA, and commonly referred to by economists as the “stimulus bill”, there’s a provision to provide approximately $100 billion in form of various kinds of aid for education purposes across the United States, which also includes early learning, K-12, and even post-secondary education.

The details below gives estimates of exactly what each state within the U.S. and Puerto Rico is likely to receive in the form of various allocations. The bill will specifically provide enough facilities and opportunities to benefit higher education generic cialis forum in the years 2009 and 2010. The main features of the plan include:

• Approximately $17 billion to be spent in the form of new funding for Pell Grants, so as to increase the average award in the years 2009 and 2010. For the academic year, it ranges from $3400 to $3,850.
• $13 billion to facilitate higher education and make tax credits available to all students belonging to lower-income group families, which currently do not pay any taxes.
• An additional amount of $200 million for work-study related programs.
• Approximately $100 million in the form of teacher quality partnership grants.
• Around $500 million to be allotted for health professional training programs.
• A significant portion of the $1.2 billion in the form of educational technology funds.
• A certain portion of the $53.6 billion budget to be made available to the states in the form of stabilization fund. This is to “backfill” certain cuts that were carried out between 2008 and 2009. The budgets related to elementary, secondary, or postsecondary education were affected by the cuts.
• $16 billion to be made available to several federal agencies for purposes related to research in the form of research grants, and facilities for further improvement of infrastructure. It is expected that much of the funds is likely to flow towards academic institutions. The agencies included are the National Institutes of Health, the National Science Foundation, and the Energy Department.

Sorry, comments are closed for this post.