Earlier this year President Obama signed into law the omnibus appropriations bills for FY14.  The bill increased funding for the U.S. Department of Education by $1.6 billion over FY13.

While the increase did not fully restore the reductions in discretionary funding from sequestration, the budget does provide much needed investments for the entire education continuum.

Specific to higher education the act provides $75 million for the First in the World initiative aimed at college access and affordability.

The President will release a summary of his FY 2015 budget proposal on March 4.