Final Bill

Totals

Total Package: $787 billion
Spending: $575 billion
Tax Relief: $212 billion

Pell Grants

$17.1 billion to increase the maximum grant by $500, to $5,350 in FY 09, and $5,550 in FY 10; and payoff program shortfall.

Federal Work Study Program

$200 million for a new community service focus.

Loan Limits

Not included.

Perkins Loans

Not included.

Student Aid Administration

$60 million to help the Department of Education process increased aid applications.

Lenders

Not included.

Teacher Training

$100 million for Teacher Quality Partnership Grants.

Statewide Data System

$250 million for statewide data systems, which include postsecondary and workforce elements.

American Opportunity  Tax Credit

Replaces Hope tax credit with new $2,500 American Opportunity tax credit available. Expands current eligible expenses (tuition and fees) to include “course materials;” expands income caps to $80,000 for individuals, $160,000 for couples; credit is 40 percent refundable. Cost: $13.7 billion over 10 years.

Infrastructure (Higher Ed Modernization)

Language was included in the State Stabilization Fund that allows all institutions of higher education to be eligible for funds from the governor for modernization purposes if the governor chooses to award them.

State Stabilization Fund

$53.6 billion total; $39.5 billion for education based on existing formulas; $8.8 billion for other government services, including modernization of institutions of higher education.

NIST

$580 million: $360 million for renovation and construction of new facilities and laboratories; $180 million for competitive construction grants for research science buildings at colleges and universities; $220 million for additional research fellowships, equipment and competitive grants.

NSF

$3 billion: $2 billion for employment opportunities; $400 million for building major research facilities; $300 million for major research equipment at institutions of higher education; $200 million to repair and modernize science and engineering facilities at institutions of higher education and other labs; $100 million to improve STEM instruction.

NASA

$1 billion: $400 million to put more scientists to work doing climate change research, including Earth science research recommended by the National Academies; $400 million to further exploration activities; $150 million for research, development, and demonstration to improve aviation safety and Next Generation air traffic control (NextGen); and $50 million to repair NASA centers damaged by hurricanes and floods last year.

NOAA

$600 million for construction and repair of facilities, ships and equipment, to improve weather forecasting, support satellite development and address critical gaps in climate modeling.

NIH

$8.7 billion for expanding jobs in biomedical research to study diseases such as Alzheimer’s, Parkinson’s, cancer, and heart disease; $1.5 billion for renovations and equipment in university research facilities.

Energy

$41.7 billion total, including $2.5 billion for energy efficiency and renewable energy research, development, demonstration, and deployment activities to foster energy independence, reduce carbon emissions, and cut utility bills. Funds are awarded on a competitive basis to universities, companies, and national laboratories;  $2 billion for basic research into the physical sciences including high-energy physics, nuclear physics, and fusion energy sciences and improvements to DOE laboratories and scientific facilities; $400 million is for the Advanced Research Project Agency – Energy to support high-risk, high-payoff research into energy sources and energy efficiency.

Job Training

$3.95 billion for job training, including formula grants for adult, dislocated worker, and youth services, and increased funds for the YouthBuild program, and competitive grants for training in health care and green jobs.

Arts

$50 million for jobs in the arts.