I have to admit that I am a little shocked by Obama's proposal to CUT higher education funding by $89 billion dollars. Really? Don't we have anything better to cut from the budget than education?
The funny thing is (not so funny), President Obama wants the United States to lead the world in college grads by 2020-- but how are we going to do that if funding is cut?
President Barack Obama, who has called for the U.S. to lead the world in college graduates by 2020, proposed budget cuts that would reduce support for higher education by $89 billion over 10 years.
Obama’s $77.4 billion spending proposal released today would cut a provision allowing some college students to get two Pell grants in a year and a program that lowers interest rates on loans for graduate students. The changes will reduce 2012 higher education outlays by $10 billion while raising spending for kindergarten through high school education 6.9 percent to $26.8 billion, the Education Department said.
Read the full story for yourself - Higher Ed Funding Cut
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