President Barack Obama submitted his second budget request to Congress on February 1st, 2010. The detailed budget request includes proposed funding levels for all federal programs and agencies in aggregate for the upcoming five to ten fiscal years, and specific fiscal year 2011 funding levels for programs subject to the annual appropriations process. It is important to remember that the president's 2011 budget request is a policy and budget proposal, but not legislation or law.

Congress completed the fiscal year 2010 appropriations process on Dec. 13, 2009, finalizing annual funding for nearly all federal education programs through September 2010 at $63.7 billion, up $1.1 billion from the prior year, excluding economic stimulus funding under the American Recovery and Reinvestment Act. Making sense of the federal education budget and the appropriations process can be a frustrating task for education advocates, state and local policymakers, the media, and the public. The now concluded fiscal year 2010 appropriations process is no exception.

Today, preschool and other services for young children are delivered through what is widely recognized as a non-system, with programs like child care, pre-kindergarten, special education services and Head Start operating in separate policy silos, each with differing objectives and different funding streams. This uneven and uncoordinated character of early childhood policy can impede access, quality, and return on investment to these programs.

Each year, the federal government guarantees billions of dollars in loans disbursed through the Federal Family Education Loan (FFEL) Program, a public-private partnership that provides financial aid to students attending institutions of higher education. Despite the significant investment of taxpayer dollars, the actual  administration of the FFEL Program is largely handled by participating lenders and a group of 35 non-federal guaranty agencies across the country. Guaranty agencies perform a number of administrative functions, such as disbursing federal default insurance provided to private lenders issuing FFEL loans, preventing loan default, and collecting or rehabilitating loans that borrowers have failed to repay.