The Department will release half the Title I, Part A aid ($5 billion) and half the Individuals with Disabilities Education Act (IDEA), Parts B and C aid ($6.1 billion) without new applications.
Also, by the end of March, governors will be able to apply for 67 percent ($32.6 billion) of the State Fiscal Stabilization Fund, with funding released within two weeks after acceptable applications are received.
In addition, at least $433 million will be available under various formula-based programs, such as vocational rehabilitation ($270 million), independent living ($53 million), education for homeless children and youth ($70 million), and Impact Aid school construction ($40 million).
A second round of Title I, IDEA, and State Fiscal Stabilization Fund aid, as well as funding for other ARRA programs, will be distributed between July 1 and September 30. Visit: www.ed.gov/policy/gen/leg/recovery/implementation.html.
Keep in mind, $5 billion of the State Fiscal Stabilization Fund has been reserved for the Secretary. This includes a $4.35 billion “Race to the Top” fund to help drive significant gains in student achievement by supporting states making substantial progress on four key reform goals: developing rigorous college- and career-ready standards and high-quality assessments that are valid and reliable for all students; establishing preschool to college and career data systems that track progress and foster continuous improvement; making improvements in teacher effectiveness and in the equitable distribution of qualified teachers for all students; and providing intensive support and positive interventions for the lowest-performing schools.
This also includes a $650 million “Invest in What Works and Innovation” fund to help districts and non-profit organizations with a strong track record of results. Applications for these competitive grants will be posted expeditiously. The Race to the Top grants will be made in two rounds: fall 2009 and spring 2010.
If you are seeking more information about a particular ARRA program, the department has released initial guidance for:
Title I, Part A grants to school districts
IDEA, Part B grants to states and preschool grants www.ed.gov/policy/gen/leg/recovery/factsheet/idea.html
The State Fiscal Stabilization Fund www.ed.gov/policy/gen/leg/recovery/factsheet/stabilization-fund.html
Source: U.S. Department of Education
Filed under: Uncategorized on March 17th, 2009