January 27, 2009
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.