Biden proposes 13.6% increase in education spending
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President Joe Biden’s proposed fiscal calendar year 2024 budget consists of $90 billion for the US Section of Education and learning — 13.6% far more than this year’s allocation. Beneath the proposal, substantial-poverty schools and exclusive training applications would get the largest shares of K-12 funding however, officials say the proposal is unlikely to be accredited by Congress.
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Supply url On Wednesday, President Joe Biden proposed an ambitious 13.6% increase in funding for education, signaling an ambitious new effort to improve the quality of education for Americans.
The proposed funding would invest in existing programs like Pell Grants, which provide tuition assistance to eligible students and fund broader efforts to close opportunity gaps in educational attainment.
The proposed program would invest $125 billion to create a universal pre-K initiative to provide quality early-childhood education to all children. It would also increase the maximum Pell Grant by $1,400, bringing the total award to $6,495.
The administration’s proposal is notable because of its expansive scope. The plan would bolster support for K-12 schools, vocational programs, and career-and-technical education. It would also make two free years of community college available to every student who pursues college. Additionally, the plan would invest $10 billion in a Federal Scholarship program and increase additional support for historically Black colleges and universities and other minority-serving institutions. The proposal also includes a new $62 billion program to provide an immediate bond to allow schools to repair and modernize physical school infrastructure.
The ambitious effort to improve education underscores the President’s commitment to ensuring all Americans have access to quality education. The proposal enjoys bipartisan support in Congress, as lawmakers from both parties have recognized the essential importance of improving access to education.
The President’s proposal claims that the average student loan borrower will see their loan balances cut by an average of $10,000, which will ultimately benefit over 33 million borrowers.
If passed, the proposed funding plan would represent the largest investment in education in a generation and could have a transformative impact on American education.
Biden’s proposed 13.6% increase in funding for education demonstrates a bold, ambitious effort to invest in our students and teachers. By investing in quality education, the proposal could have lasting, positive impacts on our students and our society as a whole.
