Department of Education Press Release
FOR RELEASE: March 7, 2009
U.S. Secretary of Education Arne Duncan today announced that $44 billion in stimulus funding from the American Recovery and Reinvestment Act (ARRA) will be available to states in the next 30 to 45 days. The first round of funding will help avert hundreds of thousands of estimated teacher layoffs in schools and school districts while driving crucial education improvements, reforms, and results for students.
“These funds will be distributed as quickly as possible to save and create jobs and improve education, and will be invested as transparently as possible so we can measure the impact in the classroom,” said Duncan. “Strict reporting requirements will ensure that Americans know exactly how their money is being spent and how their schools are being improved.”
Guidelines posted by Duncan today authorize the release this month of half the Title I, Part A stimulus funds, amounting to $5 billion, and half the funds for the Individuals with Disabilities Education Act (IDEA), $6 billion, without new applications. Continue reading “Department of Education to Distribute $44 Billion in Stimulus Funds in 30 to 45 Days”