- Federal budget cuts referred to as sequestration may go into effect Friday, and student aid, as well as research funding could be affected.
- The Supplemental Educational Opportunity Grant, for instance could see an 8.2% cut, while 4,720 low-income students in Texas would lose federal financial aid, according to the White House.
- Additionally, the National Science Foundation would issue almost 1,000 fewer research grants, and thousand of researchers may lose their jobs.
From the article:
"... "Sequestration is a reckless and blunt tool,' Peter McPherson, president of the Association of Public and Land-Grant Universities, told the Chronicle of Higher Education. 'It would have severe, long-term impacts that would put our nation at an extreme disadvantage for years to come.' ..."