MSU Denver officials are following the sequester’s impact on higher education to determine the consequences it will have at the University. The approximate 5 percent across-the-board federal budget cuts went into effect March 1.
“We’re working to identify all the potential impacts, both direct and indirect, but we’ve not yet received enough information to determine what the specific impacts on the University will be,” says Natalie Lutes, vice president for administration, finance and facilities.
Because the fiscal 2013 budget has not been passed by Congress and federal agency heads can use discretion to determine the cuts’ distribution, an accurate calculation of any potential impact is not yet possible.
For instance, while Pell Grants are exempt this year, U.S. Secretary of Education Arne Duncan’s estimation of 33,000 fewer work-study awards and 71,000 fewer supplemental grants could result in a statewide drop of 430 students receiving work study and 1,170 fewer receiving aid.
“We will keep the University community informed as definitive information becomes available,” Lutes says.
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