Tuesday, March 19, 2013

Dueling Plans for Federal Spending - Libby A. Nelson, Inside Higher Ed

The budget cuts have so far had the greatest effect on federal research -- domestic discretionary programs, including the National Institutes of Health, National Science Foundation and federal research funding from other departments, were cut 5 percent. The Pell Grant was protected from the cuts in fiscal year 2013, but the Supplemental Educational Opportunity Grant and federal work-study funding, as well as TRIO programs to prepare low-income students for college, are facing reductions likely to take effect when colleges make financial aid awards for the 2013-14 academic year. In the House of Representatives, Paul Ryan, the Wisconsin Republican, Budget Committee chairman, and former vice-presidential nominee, introduced a 10-year budget plan on Tuesday that would cap the Pell Grant’s growth at its current level and alter the needs analysis formula for financial aid. http://www.insidehighered.com/news/2013/03/13/budgets-proposed-rest-2013-and-2014-fiscal-years