As the midnight-Thursday deadline came and went, steep federal spending cuts were set in motion, leaving college students, administrators, and researchers bracing for the effects of impending reductions in financial-aid, research, and job-training programs… Although the Pell Grant program is exempt from cuts for the first year of sequestration, programs like the Supplemental Educational Opportunity Grant and Federal Work-Study would be cut by millions of dollars, eliminating more than 100,000 students from participation. But most students won’t see the effects of cuts in those programs until July 1, when the financial-aid program year begins. Most colleges send out their financial-aid award letters to students in March and April, but many institutions will have to do so with an asterisk or a caveat until they are notified of new allocations of federal funds from the Department of Education… Universities’ research leaders have estimated that federal research spending will be trimmed by more than $12-billion in 2013, and by nearly $95-billion over the next nine years, which they say the economy cannot afford.

Read full article [here].
by Allie Bidwell, The Chronicle of Higher Education.

Posted: March 1st, 2013, by: admin. Categories: . Awaiting Comments.