January 27, 2009

Stimulus Package in House or Representatives

The version of the stimulus package currently before the House of Representatives has the following higher-ed related provisions:

Increase the Pell Grant by $500 from $4,850 to $5,350;
Increase work study funding by $490 million;
Increase student loan limits on unsubsidized Stafford Loan by $2,000;
Provide $50 million to the Department of Education to help them administer student aid and loan programs.