March 1 has come and gone and Congress did nothing to stop the looming budget cuts. As a result, If students who get federal aid could lose hundreds of dollars a year. We calculate the cost could be as much as $876 a year in new fees, fewer work-study hours and reduced grants, and we are urging students to contact lawmakers and urge them to reverse the cuts. Be sure to contact your congressional representative to let them know that students have given more than their fair share! Our budget should not be balanced on the backs of hard working students.
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TEACH Grants Shrink and Loan Fees Increase as a Result of the Sequester (NAICU Washington Update)
Explore the Sequester’s Effect on Higher Education Funding (US News & World Report)
Sequestration Complicates College Aid Notices (USA Today)
Sequester Cuts Hit Needy College Students’ Financial Aid (Huffington Post)