New York: Sequestration Cuts Imperil Aid to College Students
"Thousands of college students on Long Island and across the nation who rely on financial aid, such as the federal work-study program, could feel the sting of Congress' across-the-board spending cuts in the coming academic year," the Long Island Newsday reports. "Prospective and returning students now reviewing financial aid packages and looking at colleges' sticker prices are having to make decisions based on information that could be changing, advocates said. 'This is the time of year financial aid offices are sending out information to tell students and their families what they can expect to spend on their education,' said Megan McClean, NASFAA's director of policy and federal relations. 'Some schools are having to put asterisks and include caveats because it is still too early to know the impact of the cuts.' ... In 2010-11, the most recent years for which data are available, there were 718,427 undergraduates and graduate students in the work-study program in the United States, with students earning an average of $1,668. In the same year, about 1.6 million undergraduates in the United States received SEOG. The average grant award was $620, according to NASFAA and federal Department of Education records."
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