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On 2 February, the Obama Administration released the budget request for fiscal year 2016, with USD 70.7 billion (EUR 62.27 billion) for the Education Department - a 5.4% increase over the previous year’s funding. Many of the new provisions are aimed at improving access, affordability and quality in American education, and they have been in large part already announced in the 2015 State of the Union address earlier in January (see ACA Newsletter “Education Europe”, Edition January 2015). Concerning specifically higher education, the budget includes the following partition:
Among the objectives of the significant investments of the 2016 budget presented by Obama administration there is to speed up the United States’ progress in catching up with other countries for the primate of having the best-educated, most competitive workforce in the world.