Department of Education Summary of Mandatory Funds Fiscal Year (FY) 2024 President's Budget 

The following tabs provide a summary of mandatory funding for Department of Education programs by level (rehabilitative services, elementary and 

secondary, Federal student aid and other postsecondary, and other mandatory programs) for fiscal years 2022 and 2023 Appropriation and the fiscal year 

2024 President's Budget.

1. Rehabilitative Services

2. Federal Student Aid (FSA)

3. TEACH Grant

4. Federal Direct Student Loans Program Account

5. Federal Family Education Loans Program Account

6. Federal Family Education Loans Liquidating Account

7. Health Education Assistance Loans Program Account

8. Health Education Assistance Loans Liquidating Account

9. Free Community College (proposed legislation)

10. Higher Education

11. Other Mandatory Accounts

12. Total Mandatory Appropriations

1
Summary of Mandatory Funds FY 2024 President's Budget (dollars in thousands) for Rehabilitative Services

The table includes accounts, programs and their associated activities, category code, 2022 appropriation, 2023 appropriation, 2024 President's Budget Request, the 2024 President's Budget Request 

compared to the 2023 appropriation amount, and the 2024 President's Budget Request compared to the 2023 appropriation percent change. 

Account, Program and Activity Category Code 2022 Appropriation 2023 Appropriation

2024 President's Budget 

Request

2024 President's Budget 

Compared to 2023 

Appropriation Amount

2024 President's Budget 

Compared to 2023 

Appropriation Percent 

Change

Vocational rehabilitation State grants: — — — — — —

Grants to States M 3,668,471 3,899,057 4,202,679 303,622 7.79%

Grants to Indians M 50,650 50,650 51,155 505 1.00%

Total, Rehabilitative Services M 3,719,121 3,949,707 4,253,834 304,127 7.70%

NOTES:

1) M = mandatory programs.

2) Detail may not add to totals due to rounding.

— Indicates value is undefined.

DATA SOURCE: Department of Education FY 2024 President's Budget Request

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2
Summary of Mandatory Funds FY 2024 President's Budget (dollars in thousands) for Federal Student Aid (FSA)

The table includes accounts, programs and their associated activities, category code, 2022 appropriation, 2023 appropriation, 2024 President's Budget Request, the 2024 President's Budget Request 

compared to the 2023 appropriation amount, and the 2024 President's Budget Request compared to the 2023 appropriation percent change. 

Account, Program and Activity Category Code 2022 Appropriation

2023 

Appropriation

2024 President's 

Budget Request

2024 President's Budget 

Compared to 2023 

Appropriation Amount

2024 President's Budget 

Compared to 2023 

Appropriation Percent 

Change

Federal Pell grants: — — — — — —

Mandatory Pell grants M 4,010,920 4,998,000 7,095,000 2,097,000 41.96%

Mandatory funding for discretionary program costs M 1,085,000 1,095,000 1,108,000 13,000 1.19%

Iraq and Afghanistan Service Grants (P.L. 111−39) M 576 578 477 −101 −17.47%

Total, Federal Student Aid (FSA) M 5,096,496 6,093,578 8,203,477 2,109,899 34.62%

NOTES:

1) M = mandatory programs.

2) Detail may not add to totals due to rounding.

— Indicates value is undefined.

DATA SOURCE: Department of Education FY 2024 President's Budget Request

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3
Summary of Mandatory Funds FY 2024 President's Budget (dollars in thousands) for TEACH Grant

The table includes accounts, programs and their associated activities, category code, 2022 appropriation, 2023 appropriation, 2024 President's Budget Request, the 2024 President's Budget Request compared to the 2023 appropriation 

amount, and the 2024 President's Budget Request compared to the 2023 appropriation percent change. 

Account, Program and Activity

Category 

Code

2022 

Appropriation

2023 

Appropriation

2024 President's Budget 

Request

2024 President's Budget 

Compared to 2023 

Appropriation Amount

2024 President's Budget 

Compared to 2023 

Appropriation Percent 

Change

New loan subsidy M 34,980 34,171 39,687 5,516 16.14%

Upward reestimate of existing loans M 69,343 24,093 0 −24,093 −100%

Downward reestimate of existing loans (non−add) M −3,589 −11,352 0 11,352 −100%

Net reestimate of existing loans (non−add) M 65,754 12,741 0 −12,741 −100%

Upward modification of existing loans M 71,589 9,171 0 −9,171 −100%

Downward modification of existing loans M −1,843 0 0 0 —

Net modification of existing loans (non−add) M 69,746 9,171 0 −9,171 −100%

Subtotal, loan subsidies M 174,069 67,435 39,687 −27,748 −41.15%

Subtotal, new loan subsidies and net reestimate (non−add) M 170,480 56,083 39,687 −16,396 −29.23%

Total, TEACH Grant (HEA IV-A-9) M 174,069 67,435 39,687 −27,748 −41.15%

NOTES:

1) M = mandatory programs.

2) Detail may not add to totals due to rounding.

— Indicates value is undefined.

DATA SOURCE: Department of Education FY 2024 President's Budget Request

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4
Summary of Mandatory Funds FY 2024 President's Budget (dollars in thousands) for Federal Direct Student Loans Program Account

The table includes accounts, programs and their associated activities, category code, 2022 appropriation, 2023 appropriation, 2024 President's Budget Request, the 2024 President's Budget Request compared to the 2023 appropriation 

amount, and the 2024 President's Budget Request compared to the 2023 appropriation percent change. 

Account, Program and Activity

Category 

Code 2022 Appropriation 2023 Appropriation

2024 President's Budget 

Request

2024 President's Budget 

Compared to 2023 

Appropriation Amount

2024 President's Budget 

Compared to 2023 

Appropriation Percent 

Change

New loan subsidies M 11,477,191 23,478,178 27,307,629 3,829,451 16.31%

New net loan subsidy (non−add) M 8,239,325 21,794,343 26,592,828 4,798,485 22.02%

Upward reestimate of existing loans M 26,706,610 8,131,676 0 −8,131,676 −100%

Downward reestimate of existing loans (non−add) M −13,701,756 −10,049,156 0 10,049,156 −100%

Net reestimate of existing loans (non−add) M 13,004,854 −1,917,480 0 1,917,480 −100%

Upward modification of existing loans M 435,937,468 42,534,895 0 −42,534,895 −100%

Net modification of existing loans (non−add) M 425,839,951 42,534,312 0 −42,534,312 −100%

Upward modification of existing loans M 474,191,269 74,144,749 27,307,629 −46,837,120 −63.17%

Net modification of existing loans (non−add) M 450,321,996 64,095,010 27,307,629 −36,787,381 −57.40%

Total, Federal Direct Student Loans Program Account (HEA IV-D) M 474,121,269 74,144,749 27,307,629 −46,837,120 −63.17%

NOTES:

1) M = mandatory programs.

2) Detail may not add to totals due to rounding. 

— Indicates value is undefined.

DATA SOURCE: Department of Education FY 2024 President's Budget Request

Return to the FY 2024 Summary of Mandatory Funds Table of Contents

5
Summary of Mandatory Funds FY 2024 President's Budget (dollars in thousands) for Federal Family Education Loans Program Account

The table includes accounts, programs and their associated activities, category code, 2022 appropriation, 2023 appropriation, 2024 President's Budget Request, the 2024 President's Budget Request compared to the 2023 

appropriation amount, and the 2024 President's Budget Request compared to the 2023 appropriation percent change. 

Account, Program and Activity

Category 

Code

2022 

Appropriation

2023 

Appropriation

2024 President's Budget 

Request

2024 President's Budget 

Compared to 2023 

Appropriation Amount

2024 President's Budget 

Compared to 2023 

Appropriation Percent 

Change

Upward reestimate of existing loans M 9,797,237 2,924,909 0 −2,924,909 −100%

Downward reestimate of existing loans (non−add) M 0 −899,176 0 899,176 −100%

Net reestimate of existing loans (non−add) M 9,797,237 2,025,733 0 −2025733 −100%

Upward modification of existing loans M 25,099,142 2,623,076 0 −2623076 −100%

Downward modification of existing loans (non−add) M −545,900 0 0 0 —

Net modification of existing loans (non−add) M 24,553,242 2,623,076 0 −2623076 −100%

Total, Federal Family Education Loans Program Account (HEA IV-B) M 34,896,379 5,547,985 0 −5,547,985 −100%

Total, new loan subsidies and net reestimate (non−add) M 34,350,479 4,648,809 0 −4,648,809 −100%

NOTES:

1) M = mandatory programs.

2) Detail may not add to totals due to rounding.

— Indicates value is undefined.

DATA SOURCE: Department of Education FY 2024 President's Budget Request

Return to the FY 2024 Summary of Mandatory Funds Table of Contents

6
Summary of Mandatory Funds FY 2024 President's Budget (dollars in thousands) for Federal Family Education Loans Liquidating Account

The table includes accounts, programs and their associated activities, category code, 2022 appropriation, 2023 appropriation, 2024 President's Budget Request, the 2024 President's Budget Request compared to the 2023 appropriation 

amount, and the 2024 President's Budget Request compared to the 2023 appropriation percent change. 

Account, Program and Activity Category Code 2022 Appropriation

2023 

Appropriation

2024 President's Budget 

Request

2024 President's Budget Compared to 2023 

Appropriation Amount

2024 President's Budget 

Compared to 2023 

Appropriation Percent 

Change

Federal Family Education Loans Liquidating Account (HEA IV-B) Pre‐1992 student 

loans M −2,297 0 −218,169 −218,169 —

NOTES:

1) M = mandatory programs.

2) Detail may not add to totals due to rounding. 

— Indicates value is undefined.

DATA SOURCE: Department of Education FY 2024 President's Budget Request

Return to the FY 2024 Summary of Mandatory Funds Table of Contents

7
Summary of Mandatory Funds FY 2024 President's Budget (dollars in thousands) for Health Education Assistance Loans Program Account

The table includes accounts, programs and their associated activities, category code, 2022 appropriation, 2023 appropriation, 2024 President's Budget Request, the 2024 President's Budget Request 

compared to the 2023 appropriation amount, and the 2024 President's Budget Request compared to the 2023 appropriation percent change. 

Account, Program and Activity Category Code 2022 Appropriation

2023 

Appropriation

2024 President's Budget 

Request

2024 President's Budget 

Compared to 2023 

Appropriation Amount

2024 President's Budget 

Compared to 2023 

Appropriation Percent 

Change

Health Education Assistance Loans Program Account M 15,628 11,759 0 −11,759 −100%

NOTES:

1) M = mandatory programs.

2) Detail may not add to totals due to rounding. 

— Indicates value is undefined.

DATA SOURCE: Department of Education FY 2024 President's Budget Request

Return to the FY 2024 Summary of Mandatory Funds Table of Contents

8
Summary of Mandatory Funds FY 2024 President's Budget (dollars in thousands) for Health Education Assistance Loans Liquidating Account

The table includes accounts, programs and their associated activities, category code, 2022 appropriation, 2023 appropriation, 2024 President's Budget Request, the 2024 President's Budget Request 

compared to the 2023 appropriation amount, and the 2024 President's Budget Request compared to the 2023 appropriation percent change. 

Account, Program and Activity Category Code

2022 

Appropriation

2023 

Appropriation

2024 President's Budget 

Request

2024 President's Budget 

Compared to 2023 

Appropriation Amount

2024 President's Budget 

Compared to 2023 

Appropriation Percent 

Change

Health Education Assistance Loans Liquidating Account M −5,029 −5,029 0 5,029 −100%

NOTES:

1) M = mandatory programs.

2) Detail may not add to totals due to rounding. 

— Indicates value is undefined.

DATA SOURCE: Department of Education FY 2024 President's Budget Request

Return to the FY 2024 Summary of Mandatory Funds Table of Contents

9
Summary of Mandatory Funds FY 2024 President's Budget (dollars in thousands) for Free Community College (proposed legislation)

The table includes accounts, programs and their associated activities, category code, 2022 appropriation, 2023 appropriation, 2024 President's Budget Request, the 2024 President's Budget Request compared to 

the 2023 appropriation amount, and the 2024 President's Budget Request compared to the 2023 appropriation percent change. 

Account, Program and Activity Category Code

2022 

Appropriation

2023 

Appropriation

2024 President's Budget 

Request

2024 President's Budget 

Compared to 2023 

Appropriation Amount

2024 President's Budget 

Compared to 2023 

Appropriation Percent 

Change

Free Community College M 0 0 90,000,000 90,000,000 —

Advancing Affordability for Students M 0 0 30,000,000 30,000,000 —

Total, Free Community College M 0 0 120,000,000 120,000,000 —

NOTES:

1) M = mandatory programs.

2) Detail may not add to totals due to rounding. 

— Indicates value is undefined.

DATA SOURCE: Department of Education FY 2024 President's Budget Request

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10
Summary of Mandatory Funds FY 2024 President's Budget (dollars in thousands) for Higher Education

The table includes accounts, programs and their associated activities, category code, 2022 appropriation, 2023 appropriation, 2024 President's Budget Request, the 2024 President's Budget Request compared to the 2023 appropriation amount, and the 2024 

President's Budget Request compared to the 2023 appropriation percent change. 

Account, Program and Activity

Category 

Code 2022 Appropriation

2023 

Appropriation

2024 President's Budget 

Request

2024 President's Budget 

Compared to 2023 

Appropriation Amount

2024 President's Budget 

Compared to 2023 

Appropriation Percent 

Change

Strengthening tribally controlled colleges and universities (HEA III-F, section 371) M 28,290 28,290 30,000 1,710 6.04%

Strengthening Alaska Native and Native Hawaiian-serving institutions (HEA III-F, section 371) M 14,145 14,145 15,000 855 6.04%

Strengthening HBCUs (HEA III-F, section 371) M 80,155 80,155 85,000 4,845 6.04%

Strengthening predominantly Black institutions (HEA III-F, section 371) M 14,145 14,145 15,000 855 6.04%

Strengthening Asian American- and Native American Pacific Islander-serving institutions (HEA III-F, section 371) M 4,715 4,715 5,000 285 6.04%

Strengthening Native American-serving nontribal institutions (HEA III-F, section 371) M 4,715 4,715 5,000 285 6.04%

Developing HSI STEM and articulation programs (HEA III-F, section 371(b)(2)(B)) M 94,300 94,300 100,000 5,700 6.04%

Total, Higher Education M 240,465 240,465 255,000 14,535 6.04%

NOTES:

1) M = mandatory programs.

2) Detail may not add to totals due to rounding. 

— Indicates value is undefined.

DATA SOURCE: Department of Education FY 2024 President's Budget Request

Return to the FY 2024 Summary of Mandatory Funds Table of Contents

11
Summary of Mandatory Funds FY 2024 President's Budget (dollars in thousands) for Other Mandatory Accounts

The table includes accounts, programs and their associated activities, category code, 2022 appropriation, 2023 appropriation, 2024 President's Budget Request, the 2024 President's Budget Request compared to the 2023 appropriation amount, and the 

2024 President's Budget Request compared to the 2023 appropriation percent change. 

Account, Program and Activity Category Code

2022 

Appropriation 2023 Appropriation

2024 President's Budget 

Request

2024 President's Budget 

Compared to 2023 

Appropriation Amount

2024 President's Budget 

Compared to 2023 

Appropriation Percent 

Change

College Housing and Academic Facilities Loans Program Account (HEA section 121) M 0 2,562 0 −2,562 −100%

College Housing and Academic Facilities Loans Liquidating Account (HEA section 121) M −1,515 −3,015 0 3,015 −100%

College Housing Loans Liquidating Account (HEA section 121) M −1,760 −1,760 0 1,760 −100%

Higher Education Facilities Loans Liquidating Account (HEA section 121) M −585 −585 0 585 −100%

Historically Black College and University Capital Financing Program Account (HEA III-D) — — — — — —

Modification of existing loan subsidies—Loan Forgiveness M 0 0 0 0 —

Reestimate of existing loan subsidies M 283,436 62,421 0 −62,421 −100%

Total, Historically Black College and University Capital Financing Program Account (HEA III-D) M 283,436 62,421 0 −62,421 −100%

Total, Other Mandatory Accounts M 279,576 59,623 0 −59,623 −100%

General Fund Receipts — — — — — —

Perkins loan repayments M −842,908 −580,193 −384,998 195,195 −33.64%

FDSL downward reestimate of loan subsidies M −13,701,756 −10,049,156 0 10,049,156 −100%

FFEL downward reestimate of loan subsidies M 0 −899,176 0 899,176 −100%

FDSL downward modification/negative loan subsidies M −13,632,499 −2,109,824 −987,159 1,122,665 −53.21%

HBCU capital financing downward reestimate of loan subsidies M −288,505 −38,713 0 38,713 −100%

FFEL downward modification/negative loan subsidies M −545,900 0 0 0 —

HEAL downward reestimate of loan subsidies M −54 0 0 0 —

TEACH downward reestimate of loan subsidies M 0 −11,325 0 11,325 −100%

TEACH downward modification/negative loan subsidies M −1,843 0 0 0 —

CHAFL downward reestimate of loan subsidies M −2,385 0 0 0 —

Total, General fund receipts (mostly student loans) M −29,015,850 −13,688,387 −1,372,157 12,316,230 −89.98%

Student Financial Assistance Debt Collection M 2,755 2,755 10,000 7,245 262.98%

Overall Total, Other Mandatory M −28,733,519 −13,626,009 −1,362,157 12,263,852 −90.00%

NOTES:

1) M = mandatory programs.

2) Detail may not add to totals due to rounding. 

— Indicates value is undefined.

DATA SOURCE: Department of Education FY 2024 President's Budget Request

Return to the FY 2024 Summary of Mandatory Funds Table of Contents

12
Summary of Mandatory Funds FY 2024 President's Budget (dollars in thousands) for Total Mandatory Appropriations

The table includes accounts, programs and their associated activities, category code, 2022 appropriation, 2023 appropriation, 2024 President's Budget Request, the 2024 President's Budget Request compared to the 2023 appropriation amount, and the 

2024 President's Budget Request compared to the 2023 appropriation percent change. 

Account, Program and Activity Category Code

2022 

Appropriation

2023 

Appropriation

2024 President's 

Budget Request

2024 President's Budget 

Compared to 2023 

Appropriation Amount

2024 President's Budget 

Compared to 2023 

Appropriation Percent 

Change

MANDATORY APPROPRIATION (Does Not Include Vocational Rehabilitation State Grants − Mandatory) M 485,803,461 72,474,933 154,225,467 81,750,534 112.80%

Mandatory Appropriation Including Vocational Rehabilitation State Grants M 489,522,582 76,424,640 158,479,301 82,054,661 107.37%

NOTES:

1) M = mandatory programs.

2) Detail may not add to totals due to rounding. 

— Indicates value is undefined.

DATA SOURCE: Department of Education FY 2024 President's Budget Request

Return to the FY 2024 Summary of Mandatory Funds Table of Contents

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