March 4, 2014
President’s Fiscal Year 2015 Budget Request
The White House released the President’s Fiscal Year 2015 Budget request today, almost a month after the statutory deadline. The budget recommendations include level funding for most Hispanic-Serving Institutions (HSI) programs over last year, leaving them still significantly below the FY 2010 HSI funding peak.
The FY 2015 budget includes $99 million for Title V Part A (Developing Hispanic-Serving Institutions -HSIs) and $9 million for Title V Part B (Developing Post-Baccalaureate Opportunities for Hispanic Americans) discretionary programs. The budget request also calls for restoring the STEM program allocation for HSIs to its pre-sequestration mandatory amount of $100 million.
As in previous fiscal years, the proposal recommends level funding at $9.2 million for the U.S. Department of Agriculture Education Grants for HSIs and first-time funding of $10 million for the Hispanic-Serving Agricultural Colleges and Universities (HSACU) endowment fund that was authorized in the 2008 Farm Bill and re-authorized last year.
The budget proposal to Congress requests $75 million for a College Success Grants program to minority serving institutions to develop strategies to reduce costs and improve student outcomes. Additionally, it increases the First in the World Fund to $100 million.
The National Science Foundation’s complete budget explanatory statements will not be available until March 11.
HACU staff has already been working closely with Members of Congress on the FY 2015 appropriations. For additional information regarding the FY 2015 Budget, please see chart or send an email to Laura Maristany, HACU Executive Director of Legislative Affairs.