In his budget for the 2013 fiscal year, due out today, President Obama will ask Congress to raise the maximum Pell Grant by $85, to $5,635, and provide $10-billion for job-training programs, according to the White House and sources briefed on Sunday.
The budget will include $30.7-billion for the National Institutes of Health, the same as the current year, but it will propose new grant-management policies that would increase the number of research grants by 7 percent. It would expand and make permanent the research-and-development tax credit.
The bulk of the job-training money would come in an $8-billion “Community College to Career Fund,” which would provide money to community colleges and states to form partnerships with businesses to train an estimated two million workers in high-growth and in-demand areas.
The election-year budget, which comes at a time of shrinking revenue and rising deficits, would also double the number of work-study jobs and reward colleges and states that slow their tuition growth and sustain their higher-education budgets.Email This Article