Michigan: The Sequester Comes to NMU; Which Cuts Affect Students
"After another session of partisan brinkmanship, Congress failed to pass a deficit reduction plan, thus triggering $1.5 trillion in federal budget cuts over the next 10 years: this is being referred to as 'the sequester,'" The North Wind reports. "The far-reaching effect of Congress’s inaction has consequences — some dire, such as cuts to Medicare and Title IV education funds utilized by low-income families, and some which are yet undetermined. There are two main factors to consider when assessing the impact of these widespread federal budget cuts on NMU: (1) how they affect financial aid and (2) how they affect funds obtained through grants used for research and development on campus. Fortunately, Pell Grants are exempt from the budget cuts for the 2013 fiscal year, which means those students who receive Pell Grants (usually undergraduate students who demonstrate financial need) will be unaffected by the sequester. … Michael Rotundo, Director of the NMU Financial Aid Office, is optimistic and from the figures he has seen from the National Association of Student Financial Aid Administrators (NASFAA), he expects minor impacts to federal student aid for the Fall 2013 semester."
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.