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3 higher ed takeaways in Biden’s $88.3B education budget for fiscal 2023

March 28, 2022

President Joe Biden on Monday proposed $88.3 billion in discretionary spending for the U.S. Department of Education in the 2023 fiscal year as part of a broader budget plan moving toward more centrist politics in a midterm election year.

In higher ed, that means little mention of some of the topline issues that animated activists. In lieu of broad student loan forgiveness, the budget would spend $2.7 billion on the Office of Federal Student Aid, an $800 million increase over 2021 in order to fund priorities like better customer service for student loan borrowers.

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