Application for Part 1 of Guam’s State Stabilization Funds Approved Today
March 25, 2010
Contact: Press Office|
U. S. Secretary of Education Arne Duncan today announced that $82,988,018 is now available for Guam under the American Recovery and Reinvestment Act (ARRA) of 2009. This funding will lay the foundation for a generation of education reform and help save teaching jobs at risk of state and local budget cuts. Guam will be eligible to apply for another $25 million this fall. Today’s funding is being made available per Guam’s successful completion of Part 1 of the State Stabilization Application.
“The $83 million Guam will receive today is part of the single largest boost in education funding in recent history,” said Duncan. “The President’s leadership and support from Congress have made this historic investment possible. Guam can now utilize these funds to save jobs and lay the groundwork for a generation of education reform.”
Including today’s State Fiscal Stabilization Fund (SFSF) Phase I award, Guam has received $94,224,427 million in education stimulus funds—representing a combination of funding for SFSF, Title I, School Improvement Grant, IDEA, Pell grants and Work Study. Last April, Guam received $4,332,457 million in Title I funding and $562,416 in IDEA funding. This represents about 50 percent of the Title I and IDEA funding Guam is eligible for in total. Guam also received $1,251,093 in School Improvement funds.
Nearly $5 million in Pell Grants has been awarded to students attending schools in Guam. Pell Grants are awarded based on student applications, not by state. The Recovery Act provides $17.1 billion in additional funds for students across the country in need of Pell Grants. The Federal Pell Grant Program provides need-based grants to low-income undergraduate and certain postbaccalaureate students to promote access to postsecondary education. Students may use their grants at any one of approximately 5,400 participating postsecondary institutions. The additional funding allowed the Department of Education to raise the maximum Pell award from $4,731 to $5,350. Work Study funds totaling more than $92,000 have been awarded to students attending schools in Guam. The Recovery Act provides an additional $200 million to the Work-Study program, providing colleges and universities with additional funding to provide jobs to students to help with their college and living expenses.
In order to receive today’s funds, Guam provided assurances that it will collect, publish, analyze and act on basic information regarding the quality of classroom teachers, annual student improvements, college readiness, the effectiveness of state standards and assessments, progress on removing charter caps and interventions in turning around underperforming schools.
Guam is also required by the Department of Education to report the number of jobs saved through Recovery Act funding, the amount of state and local tax increases averted and how funds are used.
See Guam and other state applications for initial funding under the State Fiscal Stabilization Fund Program at http://www.ed.gov/programs/statestabilization/resources.html
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