Posted by: Alison Damast on January 15, 2009
The economic stimulus bill unveiled today by House Democrats includes some encouraging news for students seeking more financial aid for college. There will be $15.6 billion allotted towards increasing the budget for Pell grants, which are typically given to students from low-income families. If the bill passes, the amount of an annual Pell Grant would increase by $500, bringing it up to $5,321. Other education highlights in the bill include a $79 billion for state fiscal relief, $14 billion for school construction and $1 billion for technology.