what the federal budget process does to higher ed
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What the Federal Budget Process Does to Higher Ed. Jason Delisle Director, Federal Education Budget Projec t New America Foundation [email protected]. Sources: New America Foundation, White House Office of Management and Budget. What is the Pell Grant funding cliff?. $104.9 billion. - PowerPoint PPT PresentationTRANSCRIPT
What the Federal Budget Process Does to Higher Ed
Jason Delisle
Director, Federal Education Budget ProjectNew America [email protected]
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021800
850
900
950
1000
1050
1100
1150
1200
1250
1300
The Budget Fights: Appropriations Limits Pre- and Post-Sequestration
Pre-Sequestration Trigger Post-Sequestration Trigger Bipartisan Budget Act
$ in
bill
ions
Sources: New America Foundation, Congressional Budget Office
2008 2009 2010 2011 2012 2013 20140
20
40
60
80
100
120
140
160
180
1.00
1.10
1.20
1.30
1.40
1.50
1.60
Total Education Appropriation & All AppropriationsFY 2008-FY 2014
ED Appropriation Sequester Total Appropriations
Dep
t. of
Ed
Appr
opria
tion:
$ in
bill
ions
Tota
l App
ropr
iatio
ns: $
in tr
illio
ns
Sources: New America Foundation, White House Office of Management and Budget
What is the
Pell Grant funding cliff?
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 202110.0
11.0
12.0
13.0
14.0
15.0
16.0
17.0
18.0
19.0
20.0
Pell Grant Funding Cliff: Additional Appropriation to Sustain Current Policy, FY 2008-FY 2021
Total Funding Funding Cliff
$ in
bill
ions
$104.9 billion
Sources: New America Foundation, Congressional Budget Office
March 2011CBO Baseline [After CR]
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 202110.0
11.0
12.0
13.0
14.0
15.0
16.0
17.0
18.0
19.0
20.0
Pell Grant Funding Cliff: Additional Appropriation to Sustain Current Policy, FY 2008-FY 2021
Total Funding Funding Cliff
$ in
bill
ions
March 2011CBO Baseline [Jan. 2012]
$77.5 billion
Sources: New America Foundation, Congressional Budget Office
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 202210.0
11.0
12.0
13.0
14.0
15.0
16.0
17.0
18.0
19.0
20.0
Pell Grant Funding Cliff: Additional Appropriation to Sustain Current Policy, FY 2008-FY 2022
Total Funding Funding Cliff
$ in
bill
ions
March 2012CBO Baseline
$68.7 billion
Sources: New America Foundation, Congressional Budget Office
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 202310.0
15.0
20.0
25.0
30.0
35.0
40.0
45.0
50.0
Pell Grant Funding Cliff: Additional Appropriation to Sustain Current Policy, FY 2008-FY 2023
Total Funding Funding Cliff
$ in
bill
ions
Sources: New America Foundation, Congressional Budget Office
$47.5 billion
Aug 2013 CBO Baseline
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 202410.0
15.0
20.0
25.0
30.0
35.0
40.0
45.0
50.0
Pell Grant Funding Cliff: Additional Appropriation to Sustain Current Policy, FY 2008-FY 2024
Total Funding Funding Cliff
$ in
bill
ions
$38.6 billion
April 2014CBO BaselineSources: New America Foundation, Congressional Budget Office
Federal Student Loans
Interest Rates, Refinancing, and “Profits”
Sen. Elizabeth Warren (D-MA)Photo licensed Creative Commons by Flickr user New America Foundation
Tax Benefits for Higher Ed
Do Those Cost Money?
2008 2009 2010 2011 2012 2013 2014$0.0
$5.0
$10.0
$15.0
$20.0
$25.0
$30.0
$8.94
$10.85
$20.26$21.96
$28.00 $27.42$28.23
Higher Ed Tax Benefits, FY 2008 - FY 2014
American Opportunity Tax Credit HOPE Tax Credit
Lifetime Learning Tax Credit Tuition and Fees Deduction
Student Loan Interest Deduction 529 (State Tuition) Plans
Coverdell Accounts (Edu IRAs)
$ in
bill
ions
Sources: New America Foundation, President’s Budget Requests FY 2009 – FY 2015
