- The Student Aid Alliance, a 77-member coalition of universities and college professionals, say the sequestration could cost some students as much as $876 a year.
- The cost would come from new fees (like a $6 fee for new Stafford loans), fewer work-study hours and reductions to federal grants, and the group is urging students to contact lawmakers.
- Work-study students will see the biggest cut to their aid packages with as much as a $583 reduction this fall, while students from extreme poverty could see up to $236 in grant reductions.
From the article:
A coalition of universities and college professionals is asserting the automatic budget cuts could end up costing some students hundreds of dollars a year. ...