Corporate partnerships are the lynchpin for many college programs
Campus Issues / Technology
Using partnerships to curb cost of facilities, services
More in: Workforce Development / Opinions
Auto consortium takes on the manufacturing challenge
More in: Government / Workforce Development
Initiatives put into place by President Barack Obama to make college more affordable would be jeopardized under a budget blueprint agreed to by congressional Republicans, according to a new White House report.
The budget plan approved by Republicans in the House and Senate last week “would eliminate $90 billion in dedicated Pell Grant funding and let the American Opportunity Tax Credit (AOTC) expire after 2017 – resulting in a tax increase on millions of students and families,” the report said.
It added that the proposed Republican budget "does nothing to end the harmful effects of sequestration, capping discretionary funding for education and other key areas we need to strengthen the economy and expand opportunity.”
The administration released the report the day before the president is scheduled to give the commencement address at a public two-year college in South Dakota.
Keeping college affordable
The report lists how much money each state received in Pell Grants in 2015-16 compared to the amount they received in 2008-09. It also lists for each state the amount received under AOTC, the number of families receiving the tax credit and the average credit received per family.
Taken together, Pell Grants and AOTC will provide to students and families $50 billion next year. As a result of these investments – and despite deep cuts to higher education in many states – student costs have fallen at four-year colleges and remained constant at community colleges.
Under the president’s America’s College Promise proposal, which would make two years of community college free for responsible students, the average full-time student could save $3,800 a year, according to the report.
“This proposal will require everyone to do their part,” it said. “Community colleges must strengthen their programs and increase the number of students who graduate, states must invest more in higher education and training, and students must take responsibility for their education, earn good grades, and stay on track to graduate.”
Breaks for student borrowers
The report outlines steps already taken by the White House – and new proposals – to make college more affordable:
Copyright ©2014 American Association of Community Colleges