ERIC Number: ED352889
Record Type: RIE
Publication Date: 1993
The Impact of the Federal Budget Deficit on Student Aid Funding.
Frances, Carol; Harrison, Jim
Higher Education Extension Service Review, v4 n1 Win 1993
This newsletter discusses factors that shape federal education funding policies. It examines the size of the federal deficit and its progress, as well as the factors affecting the resources available for education. The 1993 interest on the federal debt is projected to be $314 billion and payments such as these have held down funding for student aid, as well as funding for other domestic social programs. In addition, the burden of the federal budget has been used in the process of reauthorizing the student aid program to preclude consideration of transforming Pell grants into entitlements. For students, this means still heavier reliance on loans to finance their college education. For institutions, it means still more self-funded student grants and higher tuition to cover the costs, or changes in education missions and in the types of students served. Students and educators need to confront not only student aid issues, but also to play a much greater role in public debate about larger federal budget issues. (GLR)
Descriptors: Budgets, Debt (Financial), Educational Finance, Federal Aid, Financial Policy, Financial Problems, Higher Education, Income, Interest (Finance), Paying for College, Resource Allocation, Student Financial Aid, Taxes, Trend Analysis
Higher Education Extension Service, 621 West 145th Street, New York, NY 10031.
Publication Type: Reports - Research; Collected Works - Serials
Education Level: N/A
Audience: Administrators; Practitioners
Sponsor: Aetna Life and Casualty Foundation, Inc., Hartford, CT.
Authoring Institution: Higher Education Extension Service, New York, NY.