The President’s Budget: Simplifying Funding for Postsecondary Education

“Go forth into the world and turn your hopes and dreams into action. America has always been the land of dreams because America is a nation of true believers.” – President Trump, Liberty University 2017 Commencement

 

In today’s world, one important key to success – one way for more Americans to turn their dreams into action – is to gain the postsecondary education and credentials that careers and employers require.

Millions of students and families want to make this investment in their future, but the college marketplace and student loan financing can be confusing.

That’s why the President’s 2018 budget proposal lays out plans to streamline and simplify federal aid, saving taxpayers $143 billion over the next decade while insulating current borrowers from changes to their loan programs. The proposed changes in repayment and loan forgiveness plans will apply only to new borrowers after July 1, 2018. Those who are currently repaying loans or who continue their current course of study can still count on their current repayment and loan forgiveness programs remaining in place.

Some of the highlights of the new proposal:

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The President’s Budget: Maintaining Support for our Most Vulnerable Students


We must never lose sight of our mission: providing each child with the chance to pursue a great education in a safe and nurturing environment.” – Secretary Betsy DeVos, March 20, 2017

 

President Trump believes that every student – regardless of background or circumstance – deserves to fulfill his or her potential. High-quality educational opportunities are critical when it comes to achieving that goal, especially for our most vulnerable students and communities.

That’s why the President prioritized protecting students from traditionally underserved groups in his 2018 Budget, especially by providing consistent, level funding of:

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The President’s Budget: Empowering Parents by Expanding Education Choice


“Our nation’s commitment is to provide a quality education to every child to serve the public, common good. Accordingly, we must shift the paradigm to think of education funding as investments made in individual children, not in institutions or buildings.”– Secretary Betsy DeVos, March 29, 2017

 

From the beginning, the Trump Administration’s number one education priority has been to help ensure every student in America has an equal opportunity for a great education. Realizing that vision begins with giving parents more control and greater options. The President takes significant steps toward that goal with his 2018 budget, restoring decision-making power back to parents and state and local leaders – those who are closest to individual students and best equipped to address the unique challenges these students face every day.

Specifically, the budget supports the expansion of education choice and refocuses the Department’s funding priorities by making the following investments:

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