| Show Student Loan Programs To Be Slashed Washington D CAn Emergency situation exists exists exists ex ex- ex- ex in the federal financial as asa a result of the cuts made on Sept 16 19 1981 1 by the Senate Labor Labor- Health and Human Servi Servi- Education ces-Education tons Subcommittee It is not clear yet whether the FY 2 Appropriations Appropriations' bill for Labor Education will be voted out of the full Senate Appropriations Committee It may be re replaced re- re replaced placed by a a. a massive continuing continuing continuing con con- resolution which would impose government govern govern- ment wide ment-wide wide cuts at th the lev levels ls sought by the Ad Ad- ministration This means that student aid ma may be cut even more The House Appropriations Committee is expected to vote on its version by Sept 24 and send it it to the House floor by September 30 30 w jg 1981 Mr l. l v M Below Betow is is of both the House and Senate Senate Sen Sen- ate Subcommittee figures SENATE p Pell ll Grants 2374 Billi Billion jn HOUSE 25 BI Billion 11 Ion 1 1 i million HOUSE r t million f f million y t j. j t HOUSE HOUSE- million i ss i F ml 11 Ion V ti 7 HOUSE J f 77 million f v is i- i j t- t s million ti HO HOUSE SE i. i V u million The effects of the Senate Senate Senate Sen Sen- ate Appropriations S Subcommittee Subcommittee Sub Sub- b- b committee recommendations fa- fa would be according to the toe American Council on Education ACE some 1 awards could be eliminated for the academic academic academic aca aca- demic year 1982 Some million was slashed from the tte level leyel authorized in the Omnibus Reconciliation Reconciliation Act Budget for tor the five student aid programs There is still- still stilla a a areal real threat that more cuts will result from a revised list which will will b be forth coming from the Administration The following is a breakdown breakdown break break- down of the individual dual programs and the effects I that the cuts will have on students across the tte country country coun coun- try PELL GRANTS approximately approximately approximately eligible students would be eliminated for the academic academic academic aca aca- demic year 83 1982 assuming ass assuming as as- s suming ming that the maximum award Is 1800 This would virtually eliminate eligibility for all students whose families earned over a ye year r. r For those For those below it would r result suit in a lower award If we take for an a family of fO four r with one person in college and a income we find that for academic year 81 80 the average award was s1 1100 1 00 for academic academic academic aca aca- demic ye year r 82 81 it was and for for- academic year 83 82 the average award could be as low as and as high as SUPPLEMENTAL GRANTS The Senate Subcommittee would reduce this program program program pro pro- gram by 42 requiring the elimination of students students students stu stu- stu- stu dents from the program This program is for students student who attend public and private private vate vats institutions and it w was s meant to supplement the Grant Pell-Grant program National Direct student f Loans The Senate Subcommittee Subcommittee Subcommittee Sub Sub- committee work would fund fewer recipients recipients than the House version version version ver ver- sion which approved t the e million Reconciliation tion level State Student Incentive Grants This 26 million eliminated would actually bring about a loss of 52 million Fn in n student aid funds counting the matching state funds It would eliminate students and create quite a crisis in 14 states Action Contact your senator senator senator se se- now Tell them how your institution will be affected af affected affected af af- by the pria- pria subcommittee re re- re commendations Urge them to fund student aid programs at the level approved approved approved ap ap- ap- ap proved last summer d during during dur dur- ring r- r ing reconciliation Contact yo your r. r house hous member r and urge them to fo support the house appropriations appropriations appropriations subcommittees subcommittee's action The time is now now |
