The Republican Budget Slashes Education Funding and Jobs
Search for “fat” cuts deep into the muscle of American competitiveness
The House Republican budget calls for massive tax breaks for those making over $1 million per year - at least $150,000 - and oil and gas companies, while slashing investments in education programs that serve millions of low-income and middle-class Americans.
The Republican budget reduces critical support to ensure every student has access to a high-quality K-12 education.
- The Republican budget reduces funding for Title I by $2.7 billion, eliminating crucial support for teachers, tutors, and afterschool programs for more than 3.8 million low-income and disadvantaged students in over 9,000 schools. With this reduction, 38,000 teachers and other staff could lose their jobs.
- The Republican budget reduces funding for special education by $2.2 billion, decreasing critical support for over 6 million students with disabilities. With this cut, over 30,000 special education teachers and other staff could lose their jobs.
The Republican budget takes a dramatic stance against students receiving a quality, affordable, post-secondary education.
- The Republican budget allows interest rates to double on student loans for nearly 7.5 million students and families, costing the average borrower as much as $5,000 in higher loan repayment costs.
- The Republican budget eliminates in-school interest payments on Stafford Loans, forcing students to go deeper into debt before they graduate.
- The Republican budget scraps the expansion of Income-Based Repayment (IBR); removing protections which help ensure students have reasonable student loan payments.
- The Republican budget permanently damages the Pell Grant program, eliminating all mandatory funding for Pell Grants and cutting planned –and already paid for – inflationary increases.
The Republican budget decreases college access and workplace training.
- The Republican budget cuts $500 million in annual job-training funds, eliminating mandatory funding for the Community College/TAA grant program.