Wednesday, February 17, 2010

President Obama Reflects on H.R. 1, One Year Later

On the one-year anniversary of the signing of H.R. 1, the American Recovery and Reinvestment Act of 2009 (ARRA), President Obama publicly announced that it has been a success, stating that it has saved millions of jobs and raised the percentage of domestic product growth.

Included in the legislation last year was an increase of the Pell Grant Maximun to $5,350 and an increase in Federal Work-Study funding by $200 million. The bill also provided $3.95 billion for training and employment services administered by the Department of Labor and granted $1.25 billion for dislocated workers, $500 million for adult workers and $1.2 billion for youth programs.

Click here for the full article in the Washington Post to view Obama's thoughts on the year following the signing of H.R 1 .

Monday, February 1, 2010

AACC Releases Summary of Key Aspects of the Obama Administration's FY11 Budget

The administration released its FY11 budget earlier today, and AACC has just posted this summary of the budget's highlights to its website. The summary covers funding requests for the most important programs to community colleges, including student aid, institutional assistance, job training and others. We will continue to update and expand on this information, but wanted to make sure that you had the basic information as soon as possible. Please let the AACC government relations team know if you have any questions.