California: Two Long Beach Colleges Stand to Lose Federal Funding
"Colleges across the country will feel the impact of automatic federal spending cuts — known as the sequester — scheduled for [March 1], according to the National Association of Student Financial Aid Administrators," Patch.com reports. "The organization put out a 116-page report Monday with projections on how much the schools’ Federal Work Study and Federal Supplemental Educational Opportunity Grant programs will be affected, showing some colleges losing tens of millions of dollars in Title IV financial aid funds from the federal government. In Long Beach, both California State University, Long Beach and Long Beach City College will see cuts to both student aid programs, although not as drastically as some colleges and universities in the country. According to the report, CSULB will lose an estimated $37,901 of funding for opportunity grants and $43,664 from its federal work-study program."
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