April 8, 2014
The Committee for Education Funding (CEF), a coalition of 114 national education associations and institutions representing early learning to postgraduate education, writes to express our strong opposition to H. Con. Res. 96, the Fiscal Year (FY) 2015 Budget Resolution as reported by the Budget Committee.
This budget would devastate funding for education and make college less affordable by more than doubling the level of cuts required by the sequester starting in FY 2016, freezing the maximum Pell grant for ten years, eliminating over $90 billion in mandatory funding for Pell grants (which will almost certainly result in a substantial cut to the maximum award), increasing student indebtedness by $47 billion by eliminating the in-school interest subsidy for subsidized student loans and restricting income-based repayment, and narrowing eligibility for need-based student aid. It also eliminates all funding for public and school libraries, museums and the Corporation for National and Community Service.
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