Education Department to Distribute $44 Billion in Stimulus Funds in 30 to 45 Days

According to a press release issued by the White House on Sunday, March 7, 2009:

$44 billion in stimulus funding from the American Recovery and Reinvestment Act (ARRA) will be available to states in the next 30 to 45 days. The first round of funding will help avert hundreds of thousands of estimated teacher layoffs in schools and school districts while driving crucial education improvements, reforms, and results for students.

According to the release, another $49 Billion will be made available in the next 6 months.

The read the entire press release, go here.