The economic stimulus plan that Congress has scheduled for a vote on Wednesday would shower the nation’s school districts, child care centers and university campuses with $150 billion in new federal spending, a vast two-year investment that would more than double the Department of Education’s current budget. The proposed emergency expenditures on nearly every realm of education, including school renovation, special education, Head Start and grants to needy college students, would amount to the largest increase in federal aid since Washington began to spend significantly on education after World War II...
Landing a new job in this withering economy may require a stop in school first. As work in many industries dries up, a growing number of Americans are retraining for new fields in hopes of securing employment...As the national unemployment rate soars, retraining is becoming increasingly popular. As part of the House stimulus package, the federal government would send the states an additional $1 billion to provide training and re-employment services to 270,000 dislocated workers. But retraining is not a panacea. Many jobless fear they won't find good positions after their classes end and they'll be back at square one...
Brandeis University's surprising decision this week to close its Rose Art Museum and sell more than 6,000 artworks is a stark example of the rising pressure on colleges to narrow their missions in the economic downturn. The strategy's risks are evident in the protests already lodged by some students and alumni, who view the sale of the collection as a sign of declining aspirations. And donors, who didn't expect their gifts of art would be sold, may decline to be as financially generous to Brandeis in the future...
Almost four million low- and middle-income students would become eligible for a tuition tax break under economic-stimulus legislation before Congress, according to an analysis by the Center on Budget and Policy Priorities. The House of Representatives is expected to pass the bill today... (paid subscription required)