Skip Ribbon Commands
Skip to main content

 Email  Share  Print

Statement of ACE President Molly Corbett Broad on President Obama's Budget Proposal

February 14, 2011

 

"President Obama's FY 2012 budget proposal places a high priority on the Pell Grant Program and seeks to shore up its financial underpinning. The administration's plan to reach this goal includes identifying $100 billion in potential savings while maintaining the current $5,550 maximum grant. These savings would be achieved primarily by imposing a moratorium on year-round Pell Grants and eliminating the in-school interest exemption for graduate and professional students.

It is clear the administration has put a lot of effort and care into producing a budget that strives to protect and preserve student financial aid. We are pleased that in addition to the Pell Grant Program, the administration continues to support the Supplemental Educational Opportunity Grant Program, the Perkins Loan Program and the Federal Work-Study Program. While the higher education community does not agree with all the choices made, we support the overall objective of ensuring a viable array of student aid programs anchored by the indispensible Pell Grant Program.

The restoration of economic prosperity in a globally competitive economy relies upon a well-educated workforce. Without robust and diverse student aid programs, many students will be denied the opportunity to participate in postsecondary education and the United States will lose the opportunity to make the most of its human capital.

We believe this proposal is a strong and constructive starting point for discussion between the administration and Congress as they work to outline federal spending for the next fiscal year. Throughout that process, we will continue our advocacy efforts on behalf of the student aid programs that are so important to millions of students and their families."

MEDIA CONTACT: Erin A. Hennessy ▪ 202-939-9367 ▪ EHennessy@acenet.edu

Other ACE News

  • September 16, 2014

    HEADLINES: Today's Top Higher Education News

    In this morning’s headlines, The Arizona Republic, among other papers, covers a new effort by 11 universities to bolster success for low-income students. The Associated Press reports that the Obama administration will launch an effort to encourage...

  • Law and the Courts

    September 15, 2014

    ACE Releases Memo on Campus Political Campaign Activities

    With the 2014 midterm elections in full swing, the ACE has reissued its memo on Political Campaign-Related Activities of and at Colleges and Universitiees.

  • Campus Internationalization

    September 15, 2014

    flags

    New ACE Paper Explores Challenges to HBCUs in Internationalization

    The paper is the culmination of a three-year research project that was funded in part by the U.S. Department of Education, where seven HBCUs worked with ACE to develop campus-wide internationalization strategies.

  • Institutional Effectiveness

    September 10, 2014

    Class of 2014-15 ACE Fellows Begins With Weeklong Retreat in Chicago

    The 2014-15 Class of ACE Fellows explored everything from their personal leadership journey to marketing to financial management and more in the program’s five-day opening retreat late in August.

  • Institutional Capacity

    September 10, 2014

    Registration Open for ACE's 97th Annual Meeting

    Registration is now open for ACE’s 97th Annual Meeting, scheduled for March 14-17, 2015, in Washington, DC. Confirmed speakers thus far include Michael Beschloss and Paul Krugman.

 

 Related Content