president obama’s fy 2013 education budget

12
Robert L. Moran Director of Federal Relations American Association of State Colleges and Universities

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President Obama’s FY 2013 Education Budget. Robert L. Moran Director of Federal Relations American Association of State Colleges and Universities. Overall Education funding. Title I programs$14.5 billion Education Improvement grants$1.2 billion IDEA$11.6 billion - PowerPoint PPT Presentation

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Page 1: President Obama’s FY 2013 Education Budget

Robert L. MoranDirector of Federal Relations

American Association of State Colleges and Universities

Page 2: President Obama’s FY 2013 Education Budget

Overall Education fundingTitle I programs $14.5

billion

Education Improvement grants $1.2 billion

IDEA $11.6 billion

Higher Education $3.2 billion

Pell Grants $22.8 billion

Page 3: President Obama’s FY 2013 Education Budget

Breakdown of Higher Education Funding

Pell Grant Program $22.8 billion

Title III Programs $431 million

Title V Programs $109 million

TRIO $840 million

GEARUP $302 million

Race to the Top $1 billion

First in the World $55.5 million

Page 4: President Obama’s FY 2013 Education Budget

Pell Grant ProgramPresident continues to support Pell Grants

Maintaining level funding

Directs savings from 3 proposals to future program needs Perkins Loan Program $8.6 billion Restructure GA payments $3.2 billion Restrict subsidized loans to students under 150% of time $1.8 billion

Page 5: President Obama’s FY 2013 Education Budget

Technology in BudgetEffective Teachers and Leaders State Grants (New)

Budget request: $2.5 billion“The initiative also would support State and local efforts

to use technology and interdisciplinary approaches…”

“…funds would be used to strengthen the use of technology across the core academic content areas…”

Investing in Innovation (I3) grantsBudget request: $150 million“…pursue breakthrough developments in educational

technologies and learning systems,…”

Numerous references to STEM education

Page 6: President Obama’s FY 2013 Education Budget

Higher education proposalsTuition Sensitivity: revamp the formulas for

campus based programs.

Race to the Top: College Affordability and Completion Fund

First in the World Grants

Tax proposals

Page 7: President Obama’s FY 2013 Education Budget

Tuition SensitivityCampus based programs

Supplementle Education Opportunity Grants (SEOG)

Federal Work Study Program

Perkins Loan Program

Page 8: President Obama’s FY 2013 Education Budget

Tuition SensitivityRevamped formulas would focus on

rewarding institutions that:

Have or keep tuition levels low;

Provide good value; and

Enroll and graduate low-income students.

Page 9: President Obama’s FY 2013 Education Budget

Race to the Top:College Affordability and Completion Fund

$1 billion fund to award grants to states that:

Significantly restructure state formulas for support payments to institutions of higher education to strengthen and improve productivity;

Improve alignment between K-12 and higher education; and

Commit to maintaining or increasing state funding for higher education.

Page 10: President Obama’s FY 2013 Education Budget

First in the WorldFund for the Improvement of Postsecondary

Education (FIPSE)Request: $55.5 million

“…to support exemplary, locally developed projects that are models for innovative reform and improvement in postsecondary education. The 2013 request would provide $55.5 million for the First in the World (FITW) initiative, which would apply the lessons of the successful K-12 Investing in Innovation (i3) program to the challenge of improving college completion, particularly for minority and low-income students. First in the World would provide “venture capital” to encourage innovative approaches to improving college completion, research support to build the evidence of effectiveness needed to identify successful strategies, and resources to scale up and disseminate strategies we already know are successful. Up to $20 million of FITW funds would be dedicated to projects involving minority-serving institutions…”

Page 11: President Obama’s FY 2013 Education Budget

Higher Education Tax Provisions

American Opportunity Tax CreditBudget proposes to permanently extend

Loan forgiveness for borrowers after 25 years in repaymentIncome Based Repayment/Income Contingent

Repayment

Page 12: President Obama’s FY 2013 Education Budget

Questions