Dive Summary:
- Diverse put together a state-by-state breakdown of how the sequestration's $1.2 trillion in cuts to discretionary and military programs will impact higher education.
- California, Florida and Texas are the states that will be most impacted by cuts to student aid, while cuts to federal work-study will be felt most in New York, California and Illinois.
- As much as $148 million in student aid could be cut beginning in the 2013-2014 academic year, and about $6.8 billion is expected to be cut from research funding over the next fiscal year, with the White House predicting that up to 12,000 students could be affected by the lower amount of awards issued by the National Science Foundation.
From the article:
The reduction, or sequester, is a $1.2 trillion package of cuts to discretionary and military programs. The legislation authorizing the cuts was passed two years ago, and was designed to force Congress to reduce the national debt by presenting an onerous alternative. Instead, Congress and the president: Republicans are pushing program cuts, while president Obama wants tax hikes to be part of the strategy. ...