College students’ financial aid could see 8.2% reduction (as reported by AnnaMaria Andriotis via marketwatch.com)

College-bound students are looking anxiously towards forthcoming letters from universities for the Fall 2013 class. While cost is always a factor in a student’s decision, the question may have recently been complicated by the Federal government’s ongoing budget debate. The automatic spending cuts that were scheduled to enter into effect on January 1, 2013 contained an 8.2% reduction in Federal financial aid. For the moment, these cuts have been postponed through March 1. However, the ultimate resolution of the topic stands to indirectly impact a lot of those seeking to enroll in, and pay for, college in the year to come. More information about the issue can be found here.

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