GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you might read more about oureditorial guidelinesand our products and servicesreview methodology.
Here are their predictions.
Also see predictions for the job market if Trump were to win the election.
This could result in increased financial pressure onlocal and state governmentsto pick up the slack.
Among other things, these budget cuts aimed to cut federal spending on public education.
Should a repeat occur, this could lead to greater strain on teachers and public schools.
Take Trumps 2020 budget proposal as another example.
In it, Trump proposed cutting more than $1 trillion from education funding.
This was meant to reallocate funds toward voucher programs and charter schools.
All of this could negatively impact low-income students, result in more layoffs for teachers and cut essential programs.
According to Shirshikov, a Trump presidency could mean less federal involvement in education.
This is something that could affectschools and studentsnationwide.
It is possible that grants that support certain ideas or policies will be given more attention, Shimy said.
The requirements for getting these grants could also change.
For example, they could be offered based on performance.
Shimy gave a few examples of what this might mean.
On one hand, this could increase the options for education.
On the other hand, this could potentially weaken the financial foundation of some traditional public schools.
It might also lead to greater disparities in the quality of education based on local wealth.
Plus, states could be left picking up the slack.
States withalready tight budgetsmight struggle to make up the shortfall.
If Trump were to push for this again, it could divert funds away from public schools.
Schools that can manage the financial burden themselves may not be as impacted by this possible change.
Those withless public or state fundingmight have to make changes accordingly.
More From GOBankingRates
Share This Article:
