OGSLP Online News

March 5, 2009

Stimulus Package Impacts on Education

The U.S. House and Senate reached an agreement and passed the economic stimulus bill that was signed into law by President Obama on Feb. 17, 2009. The American Recovery and Reinvestment Act of 2009 (ARRA) includes provisions designed to create and save jobs and facilitate investments, tax cuts and education reform, as well as additional funding for student aid and higher education institutions.

The U.S. Department of Education (ED) announced the creation of the American Recovery and Reinvestment Act of 2009 Web site, which will be updated as additional information becomes available. The site currently features Secretary Duncan’s ARRA press release, a fact sheet, budget information (including state allocations) and excerpts from the ARRA that relate to the programs administered by ED.

According to ED, the ARRA provides for direct funding of education ($77 billion), college affordability ($30.8 billion) and school modernization (up to $33.6 billion). The ARRA also includes funds for:

Some provisions proposed in the U.S. House and Senate versions of the bill did not make it into the compromised ARRA legislation, including:

For more information about the ARRA, visit ED’s American Recovery and Reinvestment Act of 2009 Web site or contact OGSLP’s Policy, Compliance, and Training department at 405.234.4432 or pct@ogslp.org.