Effects of the Federal Stimulus Package

Looks like the federal stimulus package could help. You guys might have already read this in a recent email from LSU Chancellor Mike Martin.

"...$53.6 billion in the state fiscal stabilization fund, approximately $39.5 billion is dedicated to public education, both K-12 and higher education. The bill requires states to use federal resources to bring public higher education back to the higher of either the FY2008 or FY2009 level. When calculating the level of state support for state FY2008 and FY2009, the legislation explicitly excludes tuition and fees paid by students. Federal funds would also be available for state FY2009, FY2010, and FY2011.

Education infrastructure language was deleted during the negotiation of the conference report, but some stabilization funds may be accessible for infrastructure needs.

As we learn more about the effects of the stimulus package on Louisiana and LSU, we will let you know."

What do you think the federal bill will really do for LA higher ed?