| Show FY 80 Financial Cutbacks In an effort to balance the budget the President as well as Congress have proposed major cuts in the fiscal years 1980 and 1981 The 1980 cuts come in the form of rescissions proposed by the President this past March The 1980 cuts would have an adverse effect on next Falls Fall's students who receive financial aid Specifically for FY 80 Higher Education Programs this means disaster 1 Basic Educational Opportunity Grants With the Administrations's Administrations's blessing the House and Senate Budget Committees Committees Committees Com Com- have proposed a cut in each Basic Grant an estimated million million million mil mil- lion savings 2 National Direct Student Loans The administration along with the House and Senate Budget Committees are proposing a million rescission for FY 80 in the program a 38 re reduction reduction reduction re- re in the million already appropriated by Congress Congress Congress Con Con- gress for new capital contri contri- THIS RESCISSION THREATENS TO ELIMINATE ELIMINATE ELIMINATE ATE AWARDS TO SOME STUDENTS WITH DOCUMENTED NEED The rationale for such a proposal is far from obvious since those students would be forced to take out a Guaranteed Guaranteed Guaranteed Guaran Guaran- teed Student Loan a program program program pro pro- gram which not only will cost the students more money but the high special allowance paid by the government to the banks will force the government government government gov gov- to pay substantially more than would be the case had those students received 3 Educational Educational Educational Opportunity Grants College Work Vork Study and State Student Incentive Grants have not received rescissions for FY 80 however no program is safe from the big ax With your assistance our goal is to have each and every student who receives any financial fi financial financial fi- fi aid University President President dent den t and Financial Aid Officer send a letter or post postcard postcard postcard card to their Senator and Congressperson particularly members of the House and Senate Budget and Appropriations Appropriations Appropriations Committees requesting financial aid not to be cut It also would not hurt to call your Congressperson or Senator Senator Senator Sen Sen- ator collect Just call and ask for your particular representative If you have any questions please do not hesitate to contact contact contact con con- tact Steve Leifman in Wash Wash- ington I can be reached at We realize that finals are around the corner however if we do not get students to write before the end of the month they may return next Fall without their expected financial aid Time is running out already the House Labor- Labor HEW V Appropriations Subcommittee Subcommittee Subcommittee Sub Sub- committee has approved the cut and the Senate is expected to follow soon Special points to note in your correspondence to your representative representative representative rep rep- should include 1 Support a budget with adequate funding for higher education 2 Do not cut the FY 80 Basic Educational Opportunity ity Grant Program 3 The FY 81 Basic Educational Educational Educational Opportunity Grant must be fully funded at a higher maximum award 4 Do not cut the FY 80 National Direct Student Loan Program or needy students will lose loans 5 Support FY 81 funding for the Supplemental Educational Educational Educational Opportunity Grant Program at million support the College Work Study Program at million and support the State Student Incentive Grant Program at million 6 Support Higher Education Education Education tion it is an investment with great returns |
