by Associated Press
Published: Wed, August 12, 2009 - 5:55 am CST
Last Updated: Wed, August 12, 2009 - 6:00 am CST
MADISON, Wis. (AP) - As they struggle with huge budget shortfalls, a number of states are making deep cuts in college financial aid programs.At least a dozen states are reducing award sizes, eliminating grants and tightening eligibility guidelines because of a lack of money. At the same time, the number of students seeking aid is rising sharply. That's because more people seeking a college education need help paying tuition because they or their parents have lost jobs and savings during the recession.
Many of the affected programs are need-based grants that provide money that supplements financial aid offered by schools and the federal government. Without that cash, some students may be forced to drop out, transfer to cheaper schools or simply have less money available for rent and groceries. Experts fear others will take on too much debt or spend even more time working as they pursue a degree.
College Aid Bill
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