September 16, 2005

Secretary of Education Margaret Spellings speaks with reporters by phone to discuss the federal education department's spending plans for Katrina relief.

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Transcript: The federal government, in keeping with the President's commitment last night, intends to bear ninety percent of the full instructional cost of the states' average per pupil expenditure up to seventy-five hundred dollars.

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Transcript: In K - 12 education that represents about a 2.35 billion dollar one-year investment in these kids, 1.86 to public schools and 488 million for private schools.

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Transcript: About 237 million dollars worth of requests on behalf of higher education, in the form of loan forgiveness, aid to highly impacted receiving institutions.

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Transcript: We're obviously doing something in the federal government that we've never done before. We're about a nine percent investor in K - 12 education, going to ninety.

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