If you’ve been keeping up with the news this week, you’ve probably heard about the possibility of a government shutdown if congress can’t reach a decision about this year’s federal budget by Friday.
One of these budget decisions could affect incoming college students who are expecting financial aid.
The Pell grant program, which has been providing need-based aid to college students across the nation for 40 years, is among the programs whose funding is still undecided. Party leaders are disagreeing on what kind of cuts and how much – but it’s likely the program will receive cuts of some kind.
So what does all this mean? If the program’s funding is significantly reduced, many colleges will have to decrease the amount of financial aid they’re planning to give to incoming students.
And because it’s so late in the admissions process, that means that some students who are expecting a certain amount of financial aid may end up receiving less than they were promised.
For more information, go here:
http://chronicle.com/article/If-Pell-Grants-Are-Cut/127020
