Duncan Hails Passage of President's Stimulus Package, Cites "Historic Opportunity to Create Jobs and Advance Reform"
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FOR RELEASE:
February 18, 2009
Contact: Press Office
(202) 401-1576

Education Secretary Arne Duncan today called the American Recovery and Reinvestment Act of 2009 (ARRA) a "historic opportunity to create jobs and advance education reform." He credited the "leadership of the President and the Congress in laying groundwork for a generation of education reform and economic opportunity."

Duncan emphasized the urgency of distributing the funds to states on an aggressive timetable in order to avert layoffs. Citing a University of Washington study showing almost 600,000 education jobs at risk of state budget cuts, Duncan said that his office will publish timelines and initial guidance within a week so that states and districts can plan accordingly.

The ARRA provides more than $100 billion in education funding and college grants and tuition tax credits, as well as billions more for school modernization. It includes:

College Affordability — $30.8 Billion:

Additional School Modernization — (up to) $33.6 Billion:

"These investments are the surest way to provide long-term stability in to our economy," Duncan said. "With these funds, we will educate our way to a stronger economy."

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Last Modified: 02/18/2009