Skip Ribbon Commands
Skip to main content

 Email  Share  Print

ACE President Molly Corbett Broad on President Obama's FY 2014 Budget

April 15, 2013

 

​As the major coordinating body for all the nation's higher education institutions, ACE welcomes many of the proposals included in the president’s Fiscal Year 2014 Budget Request. In particular, by restoring the arbitrary and destructive cuts imposed by sequestration, the president has demonstrated that he recognizes that education and research are the building blocks of a stronger economy. 

We greatly appreciate the president’s call for increased funding for the National Institutes of Health and the National Science Foundation. In combination with other funding increases across the budget, the president’s request represents a 9.2 percent overall boost in non-defense research and development spending. At a time when innovation and our economy are inextricably linked, these proposed investments represent a smart bet on American students and scientists. 

Furthermore, the president has continued his strong commitment to the Pell Grant Program, with a plan that would ensure its stability for the next several years. As the foundational student aid program, it is critical that students and educators know that Pell Grants will be available, and at what levels, as they make their education plans.  

The president also calls for a $150 million increase in the Federal Work Study Program, and provides level funding for the Supplemental Educational Opportunity Grants, TRIO and GEAR UP Programs. Maintaining funding for these programs helps millions of low-income students realize their dreams of a college education. 

Many organizations have expressed concern about the President’s proposal to move all federal student loans to a market-based interest rate. Whether the higher education community embraces this proposal in whole or in part, President Obama has put an important idea forward that is designed to prevent the imminent doubling of student loan interest rates.  It provides a useful compass point in working with Congress and the administration to reform the loan programs to keep borrowing as affordable as possible for students. 

Other ACE News

  • July 2, 2015

    Today's Headlines

    HEADLINES: Today's Top Higher Education News

    In today’s headlines, the Los Angeles Times editorializes in favor of the U.S. Supreme Court affirming the University of Texas at Austin’s admissions policy when the court rehears the Fisher case this fall. In other news, The Chronicle of Higher...

  • Institutional Capacity

    July 1, 2015

    Apply Now for ACE’s Institute for New Presidents

    New college and university leaders from all sectors of higher education can apply now for the 2015-16 ACE Institute for New Presidents, which is designed specifically for presidents in their first three years of service.

  • Supporting Student Veterans

    June 29, 2015

    Bob Woodruff Foundation Grant Extends Program to Train College Mental Health Counselors

    A grant from the Bob Woodruff Foundation will allow ACE to extend an initiative that trains college and university mental health counselors on how to better address issues such as post-traumatic stress and suicide prevention in their work treating...

  • June 26, 2015

    Education Department Scales Back Plan to Rate Colleges

    The Department of Education (ED) announced yesterday that it has scaled back the planned Postsecondary Institution Ratings System (PIRS) first announced by President Obama in August 2013.

  • Budget and Appropriations

    June 26, 2015

    Congress Moves Forward on Education Funding

    The House and Senate appropriations committees both passed their FY 2016 Labor, Health and Human Services, and Education bills this week, and the results were somewhat mixed for higher education.

 

 Related Content