Cuts to Higher Ed spending among casualties in proposed federal budget plan

Education at every level is slated to be hit with drastic cuts courtesy of the Trump Administration’s proposed federal spending plan for the 2017-18 fiscal year.

The plan, released Tuesday May 23, calls for $9.2 billion in cuts to K-12 and higher education, while also including expansion of funding for school vouchers and charter schools.

In higher education, the proposed spending plan means major changes to college affordability and access. The plan calls for slashing the federal program that grants loan forgiveness for borrowers after 10 years of work in public sector jobs, as well as less funding for work-study programs.

It also would cut $1 billion by eliminating federal loan subsidies for interest on student loans, which would impact low-income students most dramatically.

The cuts to higher ed spending allegedly would generate $143 billion over 10 years, according to reports.

“It is clear that the Trump administration is committed to doing everything it can to undermine the ability of working people to improve their lives and move into the middle class. At the same time, they seem determined to ensure that there is no middle class for them to join,” said Lillian Taiz, Chair of CFA’s Political Action/Legislation Committee.

“Unfortunately, there will be terrible consequences for all of us if we do not have the educated workforce and informed citizenry that our economy and society needs to thrive. Now more than ever we have to be ready to resist and persist—CFA is committed to the fight.”

Congress must finalize the budget plan, but many are skeptical that it would pass in its current form.

Read more about the proposed spending plan from NPR and The Atlantic’s reports.