Democrats in the U.S. House of Representative on Wednesday unveiled their response to the Republican 2015 fiscal year budget released last week by Representative Paul Ryan of Wisconsin.
The plan by Representative Chris Van Hollen of Maryland, the top Democrat on the House Budget Committee, would, among other things, authorize a student loan debt refinancing program and expanded loan repayment options.
The budget does not include any details about how those programs would be structured, but it would require them to not increase the deficit over the next 5 or 10 years. Both House budget proposals are largely symbolic political documents aimed at rallying voters in an election year, especially since Congress in December already agreed to top-line spending levels for the fiscal year that begins this October 1.
Education Secretary Arne Duncan is set to testify before the House appropriations panel to discuss the administration’s budget proposal on Tuesday.
- Obama budget calls for changes to education tax benefits
- Budget deal expected to alleviate automatic cuts to scientific research
- Higher ed lobbyists press for end to sequester as budget talks resume
- Democrats tout student loan issues, Ryan budget higher ed cuts in political ads
- Budget negotiators reach deal that would increase NIH spending, Pell Grant award
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