Posts tagged "obama’s stimulus package"

President Obama’s Stimulus Bill Promises Student Aid

The House of Representatives may be voting on President Obama’s stimulus bill that promises student aid, a.k.a. The American Recovery and Reinvestment Act, that could make the federal Pell Grant Program seem half its size in comparison. Obama’s stimulus bill could provide billions of dollars in spending and financial aid for many colleges and universities across the country. President Barack Obama’s request for an $825 billion stimulus financial aid package to combat the countries current recession and invest in health care, education and infrastructure programs was the basis for which he modeled this economic stimulus bill. The bill would enlarge the Pell Grant Program significantly. The Pell Grant Program distributes federal grants to around 6 million university students in the United States every year. Congress was warned last year by the Department of Education that the program would be facing a $6 billion shortfall in 2009 if additional funding is not obtained.