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Action C-2 (Graduate Fellowships) Detailed Analysis: As with the undergraduate scholarships, the committee recommends that up to $20,000/year be provided for fellowships. This analysis focuses on the mid-range fellowship of $15,000/year. This allows the amount of the fellowship to vary relative to an institution’s tuition. Because fellowship programs provide funding for a number of years, this program will take several years to reach steady state. This program also provides a stipend for the graduate student at $30,000/year.

Year

2007

2008

2009

Steady State

#Old Students

 

5000

10000

15000

#New students

5000

5000

5000

 

Fellowship $

15000

15000

15000

15000

Stipend $

30000

30000

30000

30000

Total $M

225

450

675

675


Action C-3 (Continuing Education) Detailed Analysis: Based on a similar existing credit, the budget for this action is assumed to be $500 million per year. Education tax credits are available to individual families to help defray the cost of college. According to the College Board, the federal government provided $81.5 billion in student aid during 2003-2004. This can be roughly disaggregated as follows: 70% loans, 21% grants, 8% tax benefits. The tax benefits (Hope and Lifetime Learning Credits) amounted to approximately $6.3 billion. The $500 million the committee proposes is a modest amount in this context designed to spur corporate sponsorship of continuing education. The cap on tax credits could be increased over time or even lifted altogether. The following Web page provides an overview of existing tax credits: http://www.ed.gov/offices/OPE/PPI/HOPE/index.html.


Actions C-4 to C-7 (International Students and Scholars) Detailed Analysis: These are assumed to have no major cost as they involve only a policy change.


Action D-1 (Enhance Intellectual Property Protection) Detailed Analysis: The base amount for this estimate is the FY 2006 request for the US Patent and Trademark Office which was $1.7 billion, a 10% increase from FY 2005. The proposed $340 million per year, reflects a 20% increase in FY 2007 in order to institute a post-grant review system and enhance other capabilities aimed at increasing the quality and timeliness of patent examinations. The other proposed changes do not require funding.

Year

2007

2008

2009

2010

2011

2012

2013

2014

Millions of Dollars

340

340

340

340

340

340

340

340



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