Sequestration in Effect, ED Releases Initial Guidance
On Friday, March 1, President Obama signed an order to implement sequestration, an across-the-board cutting mechanism designed to achieve nearly $1 trillion in deficit reduction over the next 10 years. While many specific details remain unknown, the Department of Education (ED) has released initial guidance on sequestration as it relates to cuts facing the campus-based, TEACH, and loan programs.
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