Lenovo Stimulus Resource Center

Stimulus Program
Funds for Education
Lenovo's overview and guide to key stimulus funds targeted to K-12 and higher education provides quick reference and detailed information as well as additional resource links

Signed into law on Feb. 17, 2009, the ARRA Stimulus program will jumpstart the economy with $787 billion over the next two years. Over $100 billion of these funds are allocated for education at a time when many state education budgets are struggling for support. These funds are intended to save jobs as well as advance educational reforms.

Funds are provided so that schools can introduce, expand, or upgrade their classroom PCs to enhance teaching and learning through the innovative use of technology.

Below are selected funds which have potential uses for those investments in technology.

State Fiscal Stabilization Fund
SFSF - $48.6 Billion
The State Fiscal Stabilization Fund is a one-time infusion of formula grant dollars to minimize cuts in state education budgets. This program rewards schools that develop plans that can sustain meaningful education budgets and/or substantially improve teaching and learning without creating unsustainable recurring costs.
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Innovation and Incentive Grant Funds under SFSF - $5 Billion
Innovation and Incentive funds are designed to support large scale dissemination, adoption, and implementation of practices in education that are proven to increase student achievement. First and second round competitive grants will be awarded in the fall of 2009 and the spring of 2010, respectively.
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Elementary and Secondary Education Act (ESEA)
Title I - $13 Billion
These funds aim to support innovative strategies that would close the achievement gap by improving the quality of teaching and learning for at-risk students. Although these Stimulus-specific Title I funds are not functionally different from those available in a healthier economy, they will be distributed in addition to the Title I funds that are already annually appropriated.
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Enhancing Education Through Technology (EETT) Title II, Part D - $650 Million
These state grants, which will be awarded beyond the fiscal year 2009 appropriation of $270 million, are to be used to improve student achievement through technology with an emphasis on professional development.
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McKinney-Vento Homeless Assistance Act - $70 Million
These funds are intended to assist states and Local Educational Agencies (LEAs) in addressing the educational and related needs of homeless children and youth.
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Individuals with Disabilities Education Act (IDEA)
IDEA - $12.2 Billion
States, local educational agencies (LEAs), and early intervention service providers can use this funding program to implement innovative strategies that will improve outcomes for infants, toddlers, and youth with disabilities.
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Educational Technical Assistance Act (ETAA)
Statewide Data Systems - $250 Million
These grants will be distributed to the education field in the fall of 2009 for the development or enhancement of Statewide Data Systems. These databases include post-secondary and workforce information that is used to improve both teacher and student accountability, advance real-time assessment, and achieve individualized instruction for each student.
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Higher Education
Higher Education
These funds will notably provide increases in Pell and research grants ($17 billion), tax credits ($17 billion) and Federal Work-Study ($200 million). Additionally, computers purchased within the calendar tax-years of 2009 and 2010 qualify as chartered expenses under the 529 Savings Plan, a non-taxable federal college savings program.
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Broadband Stimulus Program
Dept of Commerce and Dept of Agriculture Broadband programs - $7.2 Billion
The funds allocated by this program will spur broadband deployment and use in the United States. While the program is fundamentally designed to build out broadband services, under the NTIA funds, educational institutions are eligible for broadband grant funding.
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School Bonds
Qualified Zone Academy Bonds (QZAB) - $2.8 Billion
Among other things, these bonds are intended to help schools by providing equipment, developing course materials, or training teachers and other school personnel.
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Head Start Programs
Head Start Programs - $2.1 Billion
This funding will support an increase in the enrollment of children to the Head Start programs, which provide comprehensive child development services to economically disadvantaged children and families.
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Next Fund: SFSF - $48.6 Billion >