Massive Cuts to Federal Student Aid Programs
On February 11, House Republicans released their proposal (H.R. 1) to keep the government funded after March 4, and cut $100 billion from domestic discretionary programs.
The bill would cut funding to the Pell Grant Program, causing the maximum grant to drop by $845 to $4,705; eliminate the Supplemental Educational Opportunity Grant (SEOG) and Leveraging Educational Assistance Partnership (LEAP); funding for Minority-Serving Institutions and Historically Black Colleges & Universities would all be cut back substantially; deeply slash the budgets of several science agencies including the National Science Foundation and National Institutes of Health; and wipe out all funds for the AmeriCorps national service program for students.
This Monday, February 14, President Obama released his FY 2012 budget request and it protects the stability of the Pell Grant program by maintaining the $5,550 Pell Grant maximum award, but takes savings from other areas to do this. The Obama administration proposal would eliminate the LEAP Program; but supports (level funding) the SEOG, Perkins Loan, Federal Work-Study (FWS) programs.
Click here for a side-by-side comparison of the budget proposals.