California: Sequestration: The National, State and Local Impact
According to the National Association of Student Financial Aid Administrators, Long Beach Community College "is expected to lose about $58,000 in student financial aid funding" through sequester, the Long Beach Business Journal reports. "'The sequester will directly affect our financial aid programs and reduce the amount of aid available to our students through grants and work-study programs, and poses a larger threat to our improving state funding by threatening our fragile economic recovery,' LBCC Superintendent-President Eloy Ortiz Oakley told the Business Journal in an e-mail. Despite this, LBCC will continue to serve the needs of our students by focusing on our core mission of educating students and preparing them to succeed in this economy. Our dedication and mission to serve all students will not be altered by the sequester.'"
NASFAA's "Financial Aid in the News" section highlights media coverage of financial aid to help members stay up to date with the latest news. Inclusion in Today's News does not imply endorsement of the material or guarantee the accuracy of information presented.