The purpose of this report is to examine the federal investment in education during the Reagan Administration. The report is divided into two major parts: (1) a brief review of the philosophic and overall budgetary directions of the Reagan Administration; and (2) a fiscal chronology comprised of historical budget data (from fiscal year 1980 to fiscal year 1988) for each program included in the Department of Education's budget. Presidential budget requests and Congressional appropriations served as the unit of analysis for this study. The major data source was the "Justifications for Appropriation Estimates for Committee Appropriations," Fiscal Year 1988, which is published by the Department of Education. The study has found a diminution in the federal role in providing assistance to education during the years discussed. Appended are 58 references and an appendix explaining the "price level adjustments" utilized in the analysis. (SI)