The American Recovery and Reinvestment Act: Investing in Local Schools and Our Children's Education
Investments in Our Local Schools
The recovery package provides the State of Indiana with approximately $1.8 billion over the next two years to improve public education in our state. This money will be used to hire new teachers or prevent teacher layoffs as well to modernize schools.
Increases Pell Grant
The bill also increases the maximum Pell Grant by $500 to a maximum of $5,350 in 2009.
College Tuition Tax Credit
The American Opportunity Tax Credit provides a credit of up to $2,500 of the cost of tuition and related expenses.
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