by the American Council on Education
Among the projected cuts:
- While the Pell Grant is protected from the cuts during fiscal year 2013, most other federal financial aid programs, including the Supplemental Educational Opportunity Grant and Federal Work-Study, would be cut by 7.6 percent across the board.
- Funding for the National Science Foundation, the National Institutes of Health, and the National Endowment for the Humanities would sustain a 7.6 percent across-the-board cut to mandatory spending and 8.2 percent to discretionary spending.
- Federal college access programs, such as TRIO and GEAR UP, would also see an 8.2 percent cut.
- The 1 percent origination fee for unsubsidized Stafford student loans would be raised by 7.6 percent, to about 1.1 percent of a total loan.