What the Sequester Means for College Students
What the Sequester Means for College Studentsvia blog.chegg.com
As a busy college student, I’ll admit that I fall behind on the news often. But once I found out about this, I found it to be an important topic every college student should know about.
So in case you haven’t heard, the federal government recently approved a series of monetary cuts to tighten the belt on the country’s budget. Why exactly does the sequester exist? You may have heard of the debt ceiling earlier this year. Well, the sequester was originally passed as part of the debt ceiling agreement in order to further balance the nation’s budget. Higher education will probably be one of the areas affected by the budget cuts, and as a result, the financial opportunities for college students across America will change… and not so much for the better.
With this budget cut (about $86 billion), students on Federal Work-Study will see the amount of money available to them reduce. The same goes for the Supplemental Educational Opportunity Grant programs that help students of low-income families pay for their undergraduate education. But that isn’t all, if you’re a student taking up loans, it is likely that you’ll have to pay increased fees for your loans starting next school year. Luckily, those students eligible for the Federal Pell Grant are currently excluded from the budget cuts.
Universities, especially public institutions, across the country have addressed that a decrease in federal government money will have an effect on programs beneficial to students. University research is also expected to see a decrease in funding.
What will the cuts cause higher education students and their families to do?
With less monetary help from the government, students might find themselves having a harder time paying for college. This just gives more reason for college students to apply to scholarships.
What are your thoughts on the sequester?
How do you think it will ultimately affect higher education in America?
Feel free to share your thoughts in the comments below!