Education- Stimulus Bill Information
President Obama has made education a key component of the stimulus package. More than $43 billion has been allocated to the Department of Education and an additional $9.9 billion in tax credit bonds for the land acquisition for, or construction, rehabilitation or repair of public school facilities.
Achievement Gaps Funding: $13 billion Earmarked for state programs designed to close achievement gaps.
Special Education Programs Funding: $12.2 billion allocated to state programs for special education.
Financial Aid Over $16 billion of additional federal funding to be used for financial aid packages for college students and federal grants.
Tax Credit Bonds: Up to $9.9 billion in bonds to be used for land acquisition for, or construction, rehabilitation or repair of, public school facilities.
Qualified Zone Academy Bonds: $1 billion of additional funding will be available to state and local authorities for public schools located in empowerment zones designed to cooperate with businesses to increase graduation and employment rates.
