President’s FY16 Budget Prioritizes College Affordability and Reduced Student Debt Burdens

February 2, 2015
The Institute for College Access & Success

President Obama’s fiscal year 2016 budget proposal rightly prioritizes making college more affordable and reducing student debt burdens, especially for those facing the highest financial hurdles, and includes multiple TICAS policy recommendations. This budget helps reduce students’ need to borrow by investing in Pell Grants, encouraging state investment in higher education, streamlining the aid-application process, and focusing tax relief where it will have the greatest impact. To reduce the burden of student debt, it improves income-driven repayment for federal student loans.