President Obama’s FY 2015 Budget Request Focuses on Access, Affordability, Reforms Higher Ed Tax Breaks
President Obama’s fiscal year (FY) 2015 budget request to Congress proposes a maximum Pell Grant award of $5,830 for the 2015-16 award year, alters several higher-education related tax breaks, and introduces an incentive grant program for schools that enroll and graduate low-income students on-time. Congress is unlikely to accept the budget proposal as a roadmap for upcoming budget and appropriations work. Some House Republicans are calling the budget request “dead on arrival” and Senate Democrats have been reluctant to even take up a budget resolution this year given that overall spending amounts have already been determined in negotiations concluded in December. The Obama Administration has acknowledged that this budget request should be considered a vision for future policy priorities.