States could face hard budgetary decisions ahead as federal stimulus funding runs dry, the State Higher Education Executive Officers Association said.
Republicans proposed a tiered system on wealthy private institutions’ investment income, though experts say higher rates could harm student aid.
The Opportunity Promise Scholarship covers the costs of tuition and books for state residents between ages 25 to 55 who are pursuing in-demand degrees.
Downsizing or shuttering the agency may harm the “long-term sustainability” of some historically Black colleges and universities, one expert said.