Since 2010, federal education programs have been subject to multiple waves of cuts totaling almost $40 billion.
On the discretionary side of the budget, funding for programs exclusive of Pell grants were cut by a total of $3.714 billion between FY 2010 and FY 2013 as follows:
- Fiscal Year 2011 = $-1.25 billion
- Fiscal Year 2012 = $-101 million
- Fiscal Year 2013 = $-2.362 billion
Included among those cuts was the elimination for more than 50 education programs (see list at the end).
While the FY 2014 Consolidated Appropriations Act restored many for the sequester cuts, non-Pell grant funding in the Department of Education is still below the FY 2008 level.
Student Aid Cuts
In addition to these discretionary cuts, the Pell Grant program, which was exempt from the sequester cuts in Fiscal Year 2013, and student loans were subject to a series of restrictions and limitations on eligibility and reductions in a variety of benefits. In total, students have lost more than $35 billion from these cuts:
- Elimination of the in-school interest subsidy for graduate student loans;
- Elimination of the interest subsidy for the six-month grace period for undergraduate subsidized Stafford loans;
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