The state budget cuts include reducing the Texas school's loan and work-study programs by almost 14 million dollars. Program that were receiving about $1 billion last year (2010-11) will now have $879 million in the coming year (2012-13). A reduction of 15 percent. Under new rules, The Texas Higher Education Coordinating Board will be only be able to give grants to 30 percent of eligible students.
How Some Programs Are Effected:
- Work study, consists of 4,400 students, received $15 million.
- The Top 10 Percent Scholarship, given to 16,200 students who graduate high school in the top ten percent of their class , received $39.6 million. A 23 percent reduction from the previous funding, $51 million.
- The Texas Armed Services Scholarship, consists of 162 students, received $1.75 million.
- B-On-Time, given to 9,200 students who graduate within four years with a B average received $111.9 million. A reduction of 29 percent from the previous funding, $157.1 million.
I would advise this
article to anyone in college or planning to attend to see how the budget cuts might effect you. What does this mean for the college student? Less money, if you happen to qualify; and more of those pesky student loans.
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