Press Release

Highlights of Biden’s Education Budget

In a new insight, Data and Policy Analyst Tom Lee breaks down the key education proposals in President Biden’s fiscal year 2024 budget.

Key points:

  • The budget includes $90 billion for the Department of Education and contains several of the president’s initiatives from the American Families Plan including making preschool and two years of community college tuition free for all.
  • Under the president’s budget, the federal government’s role in public education would be greatly increased as it would be the lead source of funding for pre-primary and post-secondary education.
  • The president’s budget estimates that the free national preschool and community college programs would together increase the federal budget deficit by $290 billion over the next decade.

Read the analysis