Higher Education Sees Significant Increases In New Federal Funding Bill

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Higher Education Sees Significant Increases In New Federal Funding Bill
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As part of the new $1.7 trillion funding bill Congress is poised to pass, higher education received increases in several areas, including financial aid, research, student support, support of minority-serving institutions, and hundreds of millions of dollars in campus earmarks.

program to improve access to affordable and convenient child care options for student parents.The bill includes $1 billion, an increase of $137 million or 15% to strengthen Historically Black Colleges and Universities, Minority Serving Institutions, and other historically under-resourced institutions serving a high percentage of low-income college students. The bill also includes $50 million for investments in research infrastructure at HBCUs, Tribal Colleges and Universities, and other MSIs..

$7.8 billion for NSF’s research and related activities, an increase of $680 million above the fiscal year 2022 enacted level, to implement the CHIPS and Science Act, including support for the new Directorate for Technology, Innovation, and Partnerships;The National Institute of Health would see an increase of $2.5 billion or 5.6% to advance health science and clinical advances.

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