President’s FY15 Budget Fully Funds Pell Grants and Improves Income-Driven Repayment
Makes Permanent and Expands Access to the Most Targeted College Tax Benefit

March 4, 2014
The Institute for College Access & Success
President Obama’s fiscal year 2015 budget proposal released today takes important steps towards making college affordable for millions of Americans by reducing the need to borrow and making federal student loan payments more manageable. It does this by investing in Pell Grants, making the American Opportunity Tax Credit permanent, improving income-driven federal student loan repayment plans, and preventing the taxation of Pell Grants and debts forgiven for borrowers in income-driven repayment plans.