- it limits graduate student and parent student loan borrowing.
- it eliminates the Public Service Loan Forgiveness, which allows not-for-profit and government employees to have their federal student loans canceled after 10 years of on-time payments.
- cuts 6%, or about $424 million, from the National Science Foundation's research and development budget.
“The administration’s Fiscal Year 2021 budget request falls far short of the investment needed to secure the U.S.’s position as the world’s preeminent economic power,” Association of Public and Land-grant Universities (APLU) President Peter McPherson said in a statement.
Trump's $4.8 trillion budget could impact Georgia in other ways. It includes $93.6 million to continue deepening Savannah's harbor but includes cuts to the Atlanta-based U.S. Centers for Disease Control and Prevention.
Trump's budget proposal, which includes an 8% decrease in the overall education department budget, is unlikely to be approved in its entirety in a fractured Congress that must sign off on government spending.