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President Obama adds $12 billion to federal financial aid budget
The Advocate
President Barack Obama announced in July a long-term plan to give funds to community colleges around the country.
This proposal comes as part of his overall plan to reduce rising unemployment rates by allowing people to more easily get a quality education and prepare them for the job market.
The projected cost of this plan would be $12 billion over 10 years, and would mainly be focused on such aspects as offering competitive grants and expanding the programs and capabilities of community colleges.
According to the White House’s official statement, “The president is committed to increasing higher education access and success by restructuring and dramatically expanding college financial aid, while making federal programs simpler, more reliable, and more efficient for students.”
This does not mean that there will be immediate changes and improvements to community colleges across the country.
However, the long-term implications of what this proposal could do for community colleges are evident, such as the idea of competitive grants, which would cause schools to expand their facilities within their own power in order to get a portion of the funds.
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