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ARTICLES OF INTEREST

From The Chronicle of Higher Education

Highlights of President Obama's Budget for Education and Research for the 2010 Fiscal Year

New Programs and Policies

Estimated Cost Over 5 Years

Automatically increase Pell Grants to keep pace with inflation

$41.8-billion

Provide fund for states to help low-income students complete college

$2.1-billion

Make $2,500 tuition tax credit permanent

$23.3-billion

Make research and experimentation tax credit permanent

$28.9-billion

Estimated Savings Over 5 Years

Eliminate subsidies for lenders in federal student-loan program

$24.3-billion

Overhaul Perkins Loan program

$3.1-billion

Limit tax benefits for charitable contributions and other itemized deductions for families earning more than $250,000

$60.2-billion


Other Proposed Spending

Proposal for FY2010

Estimated Spending for FY2009

Additional Money Included in the Economic-Stimulus Bill

Education Department

$46.7-billion

$46.2-billion

$81.1-billion

National Science Foundation

$7-billion

$6.9-billion

$3-billion

Cancer research, National Institutes of Health

$6-billion

Not available

$10-billion (for cancer and other biomedical research)

Expansion of broadband capacity for education and other purposes in underserved areas

$1.3-billion

Not available

$7.2-billion

NASA

$18.7-billion

$17.8-billion

$1-billion

Corporation for National and Community Service

$1.1-billion

$900-million

$200-million

NOTE: The president's budget plan does not include detailed numbers for many programs. The White House plans to release more-specific information about its budget recommendations later this year. Spending levels for the current, 2009 fiscal year are estimates because Congress has not yet approved a final budget for 2009. In some spending categories there is no comparable information for 2009; those categories are marked "not available."

SOURCE: White House Office of Management and Budget