President Donald Trump revealed his budget outline on Thursday. We’ve put together some helpful links and reading on what this means for higher education and you as a student leader.
FYI: It’s not being called a “skinny” budget because there are so many cuts. The President’s budget proposal normally comes after nearly a year of planning. After a new president is elected, they don’t have nearly enough time to pull a full proposal together. The resulting proposal is called a skinny budget, providing a general outline and vision for the next budget without the fully fleshed out details subsequent budget proposals will include.
Take a look!
“But while President Trump’s proposed outline wouldn’t cut the program, it does call for the cancellation of $3.9 billion in carryover Pell funding. As it currently stands, the Pell Grant program runs a surplus of more than $10 billion thanks to a change in the eligibility requirements for students. President Trump’s proposal would siphon off some of that money, reallocating it to other parts of the government.”
“The president’s broad budget outline calls for reducing Federal Work-Study ‘significantly’ and reforming it to direct funds to ‘undergraduate students who would benefit most.’ It does not contain specific amounts for how much the program, which spends about $1 billion annually on hundreds of thousands of student jobs, would be cut. Nor does it spell out how remaining work-study funds would be reallocated.”
“Neal Neal McCluskey, an education analyst at the Cato Institute, a libertarian think tank, added that the proposed budget takes steps toward curtailing the role of federal funding in higher education. Some research indicates that such funding makes college more expensive, a theory which first gained prominence thanks to support from William Bennett, a secretary of education under Ronald Reagan.”
“Trump’s first presidential budget […] calls for ‘maintaining’ $492 million in appropriations for HBCUs and minority-serving institutions. Combined discretionary spending for those schools, however, is actually $577 million right now.”
Take a look at what some organizations in the higher education space are saying about the budget outline: