College students across the country could be receiving a multibillion dollar boost in financial help if the stimulus plan passes in Washington, D.C. Billions may also be used to “kick start” idled campus construction projects and help prevent tuition increases.
Pell Grants, the chief college aid program for low-income students, is receiving support from both the House and Senate bills and may receive a record increase in funding. However, cuts of $40 billion for state and local governments in the Senate version were a big disappointment for college leaders, according to Fox News.
House-Senate negotiations will need to be made in order to decide how much funding should get directed to high-need institutions for building projects, versus elite universities that would benefit if the final package spends more of the money on scientific research.
While negotiations are still being made, President Obama continues to push for the economic bill to pass as soon as possible.
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