So what exactly does President Obama have in mind in terms of using stimulus package funds for higher education? Information about Obama’s higher education plan — and everything else in Obama’s proposed American Reinvestment and Recovery Plan — is available on the newly revamped White House website.
In a nutshell, here’s what Obama wants to do for higher education.
- Increase the minimum Pell Grant by $500.
- Create a $2500 partially refundable higher education tax cut for close to 4 million students, which will affect about one-fifth of high school seniors who currently receive no tax break under the current system.
- Triple the number of fellowships for graduate and undergraduate students in science.
- Prevent layoffs and educational cuts throughout the country.
Will this happen? If so, will this work? Stay tuned!