The compromise, $789-billion economic-stimulus bill that Congress is planning to try to deliver to President Obama by Monday contains large sums of money for student aid and biomedical research, and would give states billions of dollars to ease budget cuts to colleges and schools.
College lobbyists didn’t get everything they wanted in the plan, which the House and Senate are expected to approve and could take up as soon as today. The measure, for instance, doesn’t include the separate pot of money for campus construction that the House had passed or money for the Perkins Loan program that the Senate had approved.