District of Columbia: Georgetown, Local University Students Face Aid Cuts Under Sequester
"Students at DC universities, including Georgetown University, could face cuts to federal student aid in the coming semesters if sequestration goes into effect," Patch.com reports. "The National Association of Student Financial Aid Administrators (NASFAA) calculated what the cuts would be mean for universities and colleges across the country. 'By the time the sequester cuts are implemented most colleges will have provided students with financial aid awards, which will then have to be reduced, leaving families scrambling to fill the gap,' NASFAA President Justin Draeger said in a press release. Pell grants, which help students in the most need, are thus far protected under sequestration. But Federal Supplemental Educational Opportunity (FSEO)—additional grant money for students with demonstrated financial need—and Federal Work Study—part-time jobs that help pay for additional educational costs—would be impacted. The government will still guarantee the base level guarantee for these grants, but does impact the "fair share increases" students might receive based on their need. NASFAA assumed a '5.1 percent cut to the overall appropriation of each of these programs.'"
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