Monday, November 24, 2014
1012 C Street  •  Floresville, TX 78114  •  Phone: 830-216-4519  •  Fax: 830-393-3219  • 

WCN Site Search


Lost & Found

Lost: Cats, Gabby is orange and Sammy is white with heart shape on back, missing Oct. 31 off Post Oak Rd., La Vernia, help find them! Call/text 210-315-0266, 210-602-7103.
Lost: Pug, 1-year-old male, on FM 887 between CR 228 and CR 229, answers to Beaver, (he's bi-lingual), grandkids miss Beaver. Call 210-422-4608. 
Missing cat near heb grey striped with small white patch on her chest and white paws. Her stripes also make the shape of an M on her forehead. 6826221626
More Lost & Found ads ›

Help Wanted

QA Manager/Chemist, Bachelor’s degree in Chemistry/Chemical Engineering, Food Science or Biology preferred. Laboratory experience and/or experience in quality assessment or control required. Must have proficiency using Windows software and Microsoft applications. Need strong critical thinking skills to assist with analyzing, developing and overseeing quality control procedures. Send resumes Attn: Chris Taylor, fax 210-635-8774, email resumes@vpracingfuels.com, 7124 Richter Road, Elmendorf, TX. 
NOW HIRING! Custodians/Lead positions, $9-$14 D.O.E., must have a clear background and reliable transportation, Live Oak County. Call 210-520-4848 ext. 111.
More Help Wanted ads ›

Featured Videos





Video Vault ›

National News


From the DNC Re: College aid cuts will send parents and students scrounging




E-Mail this Story to a Friend
Print this Story

Disclaimer:
The author of this entry is responsible for this content, which is not edited by the Wilson County News or wilsoncountynews.com.
March 5, 2013 | 1,992 views | 2 comments

Elvina Nawaguna//Reuters
3:14 p.m. CST, March 5, 2013

WASHINGTON (Reuters) - College students dependent on work-study programs and federal grants will have a hard time making up for reduced funding in the new school year as federal budget cuts take hold.

The so-called sequester officially kicked in on Friday, stripping millions of dollars from several financial aid programs that colleges and universities rely on to entice students.

The biggest cuts - about $86 million - will be to the Federal Work-Study (FWS) and Supplemental Educational Opportunity Grant (FSEOG) programs, which help low-income students pay for undergraduate education, according to data from the Office of Management and Budget.

In addition, students will see a small increase in student loan origination fees, which will total $82 million. Other indirect effects could come from a $71 million cut to student aid administration funds.

Parents and students are apt to find themselves scrounging to make up for financial aid already granted but now slated to be reduced.

"Students and parents will start getting their award letters in the coming weeks, and presumably (the cuts are) just going to create more uncertainty for them," said Justin Draeger, president of the National Association of Student Financial Aid Administrators (NASFAA). Many schools, he said, had been notified of the association's tentative expectations before Congress failed to beat its March 1 deadline but may have already sent out award letters.

After the cuts are implemented, Draeger said, parents and students could be forced to take out more loans at a time when student loan debt is already a growing crisis.

A report from the New York Federal Reserve Bank last week found a sharp spike in delinquent student loans.

"Financial aid administrators are frustrated, and part of the frustration comes from the empathy they feel for parents and students. There just continues to be uncertainty year after year about the funding levels and benefits that students have available to them," said Draeger.

SMALL ENDOWMENTS, LITTLE RELIEF

The University of California, Davis, is expecting at least $180,000 in cuts to the FWS and FSEOG programs, unless Congress can reach a deal before the sequester starts to bite.

Translated into people, the school could offer about 38 fewer FWS jobs and about 18 fewer FSEOG scholarships. Those students would have gotten about $3,000 for each work-study award and about $4,000 for each FSEOG grant for the school year.

Katy Maloney, director of financial aid, says the school doesn't have the resources to make up for the cuts and will be sending students notices about the changes.

"If you were planning to get a work-study job and you can't get a regular job, we might see more students getting more student loans," Maloney said.

Other schools are optimistic that they may have more flexibility, including Syracuse University in New York, which is expecting to lose about $350,000 in FWS and FSEOG programs.

Although "it's going to obviously cause us to rethink how we do a couple of things on campus," said Ryan Williams, associate vice president for enrollment at Syracuse, the university plans to use internal funds to keep the same level of financial aid for students. "I know there are schools out there (that) don't have the endowments to make up the difference," he said.

The Federal Pell Grant Program, which provides billions of dollars in grants to low-income college students, will not be immediately affected. That's because the Balanced Budget and Emergency Deficit Control Act of 1985 protects it from sequestration through the 2013-2014 school year. That could change later if nothing is done.

Colleges and universities are also expecting cuts to some of their research programs.

"If Congress doesn't ultimately replace the sequester with something else, these are (research and aid) cuts for 10 years," said Draeger of the NASFAA.
 
« Previous Blog Entry (February 5, 2013)
 


Your Opinions and Comments

 
Elaine K.  
Floresville  
March 5, 2013 5:39pm
 
 
It's just "loose change ..." from www.thehill.com: A year before the [Washington] Post series, Retired Vice Admiral Jack Shanahan told CBS News: "With ... Read More Read More
 
 
Senior Citizen  
Wilson County  
March 5, 2013 5:12pm
 
 
Uh-h-h, Students, get a job, work and save your money? It worked for us!
 

Share your comment or opinion on this story!


You must be logged in to post comments:



Other National News

Chester WilsonAllstate & McBride RealtyBlue Moon Karaoke & DJHeavenly Touch homeEast Central Driving SchoolTriple R DC ExpertsVoncille Bielefeld home

  Copyright © 2007-2014 Wilson County News. All rights reserved. Web development by Drewa Designs.