Pennsylvania: Sequester Concerns About Federal Student Aid
"Parents worry the sequester showdown could hurt their chances at student financial aid. The financial show down between congress and the president has many people across the country afraid of the automatic cuts that would kick in on Friday," WeAreCentralPA reports. "The automatic cuts would strip $85 billion from federal agencies. A little over four billion of that would come from education. According to the National Association of Student Financial Aid Administrators say that would raise loan origination fees 7.6%, programs like federal work studies would be cut 8.2%, and Pell Grants are only guaranteed for one more year. Gary Witherow was getting help with his kid's FAFSA forms Monday night. Its extremely important to him because he has two children that will be college freshmen next year and another that will graduate high school the following year."
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