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March 5, 2014

President’s Proposed Budget is a Starting Point

I don't love everything in the President's proposed budget (more detail on that to follow).  No one knows exactly what will happen, but we do know it is supremely unlikely that everything the administration has proposed will come to pass. The federal budget process is a mysterious process with lots of players.  My thanks to the Washington Post for their a fantastic interactive tool explaining how it works.  Here's a snapshot:  

By Heather  |  Category:  Higher education funding  

March 4, 2014

President’s FY 2015 Budget Recommends Tax Breaks For Students

On Monday, White House officials outlined in broad terms several of the President's tax priorities from his proposed fiscal year 2015 federal budget.  Among the key provisions, his FY 2015 budget asks Congress to make permanent the American Opportunity Tax Credit, currently set to expire in December 2017.  The administration says the credit will provide an average benefit of $1,110 to 11.5 million families. The benefit provides up to $2,500 in partially refundable tax credits for tuition. President Obama is also proposing a simplification…

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