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Posts Tagged ‘economy’

How the Obama Stimulus Plan Will Impact Schools and Education

How the Stimulus Plan Will Impact Education

The American Recovery and Reinvestment Act (ARRA) of 2009, signed into law on February 17, aims to lend a helping hand to not only employment, health care and taxes, but significantly for the struggling state school systems: It more than doubles the education funding of the previous presidential administration.

Of the act’s $787 billion cost ($288 billion in tax cuts and $499 billion in spending), up to $141.6 billion will go to education, according to the Department of Education. Granted, most estimates are closer to $120 billion, but that’s still a sizable sum compared to previous allotments for education. The direct funding of education (as opposed to tax credits, tuition grants, renovations and administration) alone amounts to over $77 billion, a 159% increase over 2008 allocations for the Department of Education. The breakdown of the education budget is laid out after the jump… (more…)

Students Flock to 2-Year Schools During Recession

Students Flock to 2-Year Schools During RecessionAll across the country, student enrollment in two-year colleges is on the rise. States are reporting increases in community and technical college enrollments of upwards of 20% over last year, with one Idaho school more than doubling its enrollment since last spring. The reason isn’t hard to figure out: the recession.

Thanks to the struggles of the current economy, college students are increasingly choosing the cheaper alternative of two-year schools. Even students who want to pursue a Bachelor’s degree can save a significant amount of money — anywhere from $4,000 to $40,000 a year — by studying at a community college for the first two years of their post-secondary education and then transferring. (more…)

Online Education Recession-Proof?

With the stock market flatlining, unemployment soaring and corporations struggling to stay afloat, online education is one of the few industries that seem to be thriving.  Here are some reasons why. (more…)