Federal Budget Blueprint Makes College Less Affordable
President Donald Trump released his budget blueprint today and it could make college less affordable. It does not increased funding for any federal student aid programs and, in some cases, eliminates it.
The plan specifically eliminates the Federal Supplemental Educational Opportunity Grant program (FSEOG), which cost $732 million. It also does not increase funding for the Federal Pell Grant program, cancelling $3.9 billion that could have been used to increase the grant.
The blueprint also drastically reduces the funding for the Federal Work-Study program and significantly alters the funding allocation formula.
Overall, the U.S. Department of Education’s budget was slashed by $9.2 billion from $68 billion to $59 billion. That 13 percent decrease is the cause of the cuts to student aid programs.
Trump’s budget plan also eliminates funding for the following: Corporation for National and Community Service (AmeriCorps), National Endowment for the Arts and National Endowment for the Humanities, U.S. Institute of Peace and the Woodrow Wilson International Center.
Although the Fulbright Program isn’t cut, the budget does eliminate other international educational exchange programs, including programs run by the U.S. Department of Education.
The budget also cuts $403 million in health profession and nursing training programs. It does, however, preserve funding for scholarships and loan repayment programs for health professionals working in areas of national need.
The budget maintains $492 million in funding for historically black colleges and universities and minority serving institutions, but does not increase this funding. It also increased defense spending by 9 percent to $54 billion and allocates $2.6 billion for the border wall and security.