Need-Based Financial Aid Remains Unaffected by Federal Spending Cuts
"The across-the-board spending cuts signed into law earlier this month will leave most student financial aid untouched. For next year, at least," The Daily Nebraskan reports. NASFAA President-elect Craig Munier, director of the Scholarships and Financial Aid at the University of Nebraska-Lincoln, "said the sequestration has caused some administrative headaches, but students won’t see any changes to their loan packages. 'To me, the impact feels minimal,' Munier said. Most loans disbursed by the financial aid office will not see any changes for the next award year, he said. ... Munier’s bigger concern is what might happen in the coming years. Given Congress’ inability to reach a compromise on avoiding the cuts in the first place, Munier fears financial aid could suffer in the long-term. 'I’m hopeful that Congress will find a solution,' Munier said. 'And mindfully make decisions rather than the oversimplified result that we have.'"
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