Using ED's institutional-level formula elements for the 2013-14 tentative campus-based allocations, NASFAA has created a spreadsheet that estimates campus-based reductions on an institutional basis for both the Federal Work Study and Federal Supplemental Educational Opportunity Grant programs as a result of the impending sequester. Amounts listed in the “Simulated Post-Sequester Allocations” column are derived from assuming a 5.1 percent cut to the overall appropriation of each of these programs. This cut does not affect the level of base guarantees; only fair share increases are reduced. These numbers are estimates and should be considered as such. Final appropriations figures under the Sequester are not yet available. NASFAA will provide updates as we receive them.
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