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'A provision in this year's economic-stimulus law aimed at preventing states from cutting their education budgets may be having the opposite effect, according to a new memorandum by the Education Department's Office of Inspector General.
Under the law's "maintenance of effort" requirement, states that receive a share of the law's $54-billion in education aid must provide as much money for education in each fiscal year through 2011 as they did in the 2006 budget year. Struggling states that can show they are spending the same percentage of revenue on education as they did in the previous year can apply for a waiver from the requirement.'

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higher_education states economic_downturn stimulus_package

"Stimulus or no stimulus?
For S.C. higher education, which experienced the nation’s steepest state budget cuts this year, that’s a $100 million question."

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stimulus_package economic_downturn higher_education

"Little by little, the American Recovery and Reinvestment Act --better known \nas the economic stimulus package -- is having an effect on college campuses. \nWhile the biggest ticket items, such as tens of billions in research and state \nstabilization dollars, are not yet flowing in any meaningful way, colleges have \nbegun to take advantage of separate provisions in the new law designed to make it easier for them to borrow money to finance capital projects."

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stimulus_package higher_education economic_downturn

"Public college leaders in many states are looking to the recently enacted federal stimulus package as a lifeline, if not a savior, in the worst economic climate in more than a generation. But keep those expectations in check: As the murky picture surroun

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higher_education stimulus_package economic_downturn colleges universities

"But elements of the massive federal programs will affect far more people than the economically distressed. The federal package contains nearly $1.3 billion in funding over two years for education, with about $500 million earmarked for specific purposes a

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higher_education stimulus_package government economic_recovery

"Thursday was decidedly bare bones, lacking detailed numbers for most federal programs and clocking in at about one-tenth the normal number of pages of explanatory material. But while the administration's proposal might have skimped on specifics, its prop

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higher_education education stimulus_package government United_States

"But much as the rhetoric surrounding the stimulus legislation has portrayed it as focusing on creating jobs related to “shovel ready” infrastructure and other projects, significant numbers of the jobs that will be either created or saved by the financial

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stimulus_package higher_education United_States jobs employment

"StimulusWatch.org was built to help the new administration keep its pledge to invest stimulus money smartly, and to hold public officials to account for the taxpayer money they spend."

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economic_recovery stimulus_package government news economy politics

"Administrators at public colleges and officials in state higher education agencies were probably relieved that the compromise legislation would deliver a total of $53.6 billion in new aid to states over the next two years."

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stimulus_package higher_education colleges universities states

"A compromise amendment worked out by moderate Democrats and Republicans in the U.S. Senate late Friday slashed billions of dollars that would have flowed to colleges and universities in the Senate’s original version, with the biggest cuts coming in educa

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economic_downturn stimulus_package higher_education colleges universities Senate

"But cuts of $40 billion for state and local governments in the Senate version were a big disappointment for college leaders. House-Senate negotiations will determine whether education aid to the states is relatively modest or massive — and how much gets

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economic_downturn stimulus_package colleges universities

"The proposed federal American Recovery and Reinvestment Bill includes an estimated $141 billion for education. 'It's the 'education community's' dream come true,' blogs Mike Petrilli, vice president of the Thomas B. Fordham Institute in Washington. But t

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stimulus_package classrooms libraries bailouts education government United_States

"As colleges and students around the country struggle with the effects of the worldwide economic downturn, help appears to be on the way from the nation’s capital. And plenty of it, to judge from a draft of a massive, $825 billion stimulus package release

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higher_education economic_downturn financial_crisis government stimulus_package colleges universities