The following article by Marcella Bombardieri, Colleen Campbell, Antoinette Flores, Sara Garcia, CJ Libassi and Ben Miller was posted on the Center for American Progress website February 14, 2018:
In December, Congress passed one of President Donald Trump’s key priorities: tax cuts. These cuts primarily benefit the wealthy to the tune of $1.5 trillion in deficit spending over 10 years. To pay for it, the budget released this week proposes cutting over $200 billion in student aid funding over the next decade by eliminating some types of federal student loans; changing the loan repayment safety net; and ending forgiveness for borrowers who work in public service. And it would cut over $1.4 billion in annual grant aid and student support to low-income students.
Last week, a congressional budget deal raised caps in spending, amounting to an additional $2 billion for higher education in both 2018 and 2019. To account for new spending levels, Trump’s original budget proposal came with an addendum that walked back some of the cuts in light of the new funds available. Continue reading “Trump’s Budget Proposes More Than $200 Billion in Cuts to Students”