On April 9, President Obama released his 2014 Budget Proposal. A summary of higher education issues include:
The budget summary expresses that the above reforms are intended to complement and strengthen the Pell Grant program. The President's 2014 Budget Proposal for Education page contains an overview and links to the Education Budget Summary and the complete budget.
The President's budget request is one factor in the federal budget process and is subject to Congressional approval. The House and the Senate have already passed competing proposals.