The $819 billion economic stimulus plan passed yesterday in the House of Representatives would shower billions of dollars to a higher education sector that is in dire need of aid. The package, passed on a 244-188 vote, would boost Pell Grant to a historic high and introduce a new $2,500 tuition tax credit.
The House’s approval of the stimulus plan came a few days after Cornell announced a series of measures — including tuition increase, budget cuts and a hiring pause — to battle its 27-percent loss in its endowment and $6 million slash in state funding on Saturday.