American Recovery and Reinvestment Act
(Post updated on February 17, 2010.)
President Obama signed the American Recovery and Reinvestment Act into law on February 17, 2009. On the one-year anniversary of its signing, two million jobs had been created or saved, including 300,000 in education. (See state-by-state figures on job creation.)
RECOVERY ACT: HELPING STUDENTS, WORKERS AND FAMILIES
- 2 million: the number of jobs created or saved by recovery dollars thus far, according to the Congressional Budget Office.
- 300,000: the number of teaching and other education-related jobs saved or created.
- $500: the increase in the Pell Grant scholarship eligible students received for the 2009-2010 year due to this law alone.
- $2.4 billion: the amount of federal support that helped colleges and universities keep teaching, even as enrollments grew, according to the State Higher Education Executive Officers.
Read Chairman Miller's statement on the Recovery Act's one-year anniversary.
Read more about the Recovery Act's effect across the nation.
Read more about the law:
2009: Department of Education Guidance on American Recovery and Reinvestment Act Funds »
2009: Estimates of the amount of education funding each state and school district will receive from certain aspects of the American Recovery and Reinvestment Act »
Making College More Affordable »
Creating and Saving Jobs »
Creating Jobs by Modernizing Schools and Colleges »
Investing in 21st Century Education »
Investing in Excellent Teachers »