Wednesday, May 24, 2017

Trump Budget Would Slash Student Aid and Research - Andrew Kreighbaum, Inside Higher Ed

The Trump administration released a 2018 budget proposal Tuesday that delivered on expectations for drastic cuts to student aid programs and university-based research while substantially reshaping federal student loan programs. Higher education groups as well as many policy analysts said those cuts would make college less affordable and impede the production of new scientists and innovations in health and technology. Cutting deeply into most federal nondefense discretionary spending, the documents call for a 13.6 percent reduction in the Department of Education's current funding levels and 22 percent for the National Institutes of Health, the largest federal supporter of biomedical research. The White House estimates that $143 billion would be saved over a decade by allowing the Perkins Loan program to expire and phasing out subsidized federal student loans and Public Service Loan Forgiveness after next year. https://www.insidehighered.com/news/2017/05/24/white-house-budget-includes-tens-billions-cuts-student-aid-and-research

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