Trump Budget Today: Cuts, Loan Costs

March 11, 2019

The Trump administration will today release its proposals for the federal budget. Leaked information to several news outlets says that spending outside of the military will be cut by 5 percent. That likely means cuts or flat budgets at best proposed for many of the programs that provide funds to colleges, students and researchers. While the plan is being called "dead on arrival," it is being released at a time when Republicans in the Senate are professing more concern over the deficit than they did last year, when they voted for a massive tax cut.

Politico reported that the plan will seek to hold colleges and universities "accountable" by having them share some of the financial burden of student loans. The concept of "risk sharing" on student loans has some congressional support, but some Democrats and college leaders fear that changes in the loan rules are likely to have a negative impact at institutions that serve many low-income students.

Inside Higher Ed will report on the various proposals.

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