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President Obama's 2013 Budget Would Increase Higher Education Funding |
 President Barack Obama unveiled a record $3.8 trillion election-year budget plan on Feb. 13 that would increase Education Department spending to $69.8 billion -- a 2.5 percent jump. This additional funding towards education is the highest increase of any domestic department in the federal government. Obama's plan for higher education would focus on new financial incentives for colleges and universities that are able to keep their costs down, and it would also add more funding for research grants. He is also asking for billions of dollars to go toward training programs in community colleges, including help for schools that are able to help graduates secure internships and jobs in their field. However, the president would cut-off for-profit colleges from this type of funding. Click here to read five outcomes Obama's budget plan will have on higher education. Click here to read five outcomes Obama's budget plan will have on higher education.
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