Abilene Christian College - Prickly Pear Yearbook (Abilene, TX)

 - Class of 1982

Page 210 of 424


Abilene Christian College - Prickly Pear Yearbook (Abilene, TX) online yearbook collection, 1982 Edition, Page 210
Page 210

Text from page 210:

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SSSSSSSSS SSS SS SSS S SSSSSSSSS SSSSSSSS ow the proposed budget cut: A loud chorus of protest went up from parents, students and college ad- ministrators during the spring semester as the Reagan administration announced its fiscal 1983 budget, which included chopp- ing a hefty 25 percent from federally fund- ed financial aid programs to students and universities. But despite the cutbacks, ACU and the other Abilene colleges expected less of an impact than many other colleges across the country. Administrators from the local schools anticipated help to offset the federal aid cuts from scheduled increases in the state-supported Texas Equalization Grant aid program. Jerry Mullins, ACU athletic business manager and former director of financial aid, said that he expected ACU to feel some impact from the loss of federal funds but that the actual effect wouldn't be known until the 1982-83 school year had begun. He predicted that "a few less loans will be made and grants will be harder to qualify for, but no real change will occur in the College Work-Study program at ACU." Just how much the various federal aid 206 Reaganomics programs would be cut would vary from school to school. Even though Reagan had proposed an approximate 25 percent slash in financial aid, that didn't mean all schools would have their financial aid allocation reduced by 25 percent. One college might experience a 40 per- cent decrease in aid funds while another might only have 10 percent of its funds cut. Corky Swanson, director of financial aid at McMurry College, said a complex for- mula that included enrollment, student need and many other factors was taken in- to consideration in determining how much a particular school's aid is cut. And for- tunately, it looked like Abilene's colleges stood to lose less than most other colleges. As far as McMurry students were con- cerned, Swanson predicted that about 90 percent of its students who received finan- cial aid would not be affected at all by the federal cutbacks. During the 1981-82 school year, the federal government gave out 511 billion in aid to more than seven million students, according to a Feb. 22, 1982, article in Time magazine. Federal programs includ ed Pell Grants, Supplemental Educational Opportunity Grants, National Direct Stu- dent Loans, Guaranteed Student Loa and the College Work-Study program. Since Congress had not yet given its a proval to all the proposals Reagan 1 quested, it wasn't certain how much ea program would be cut to achieve an over 25 percent reduction in federal aid. Reagan proposed to slash the Pell Gre program from a budget of 52.3 billion 51.4 billion, which would lower t number of students receiving grants by percent to 1.8 million. He also wanted entirely do away with the SEOG progra end federal contributions to the ND! program, and chop 28 percent from t College Work-Study program. The largest of the federal financial z programs, Guaranteed Student Loa provided 57.7 billion to 3.5 milli students, and changes in this progrz were already in effect. As of Oct. 1, 1981, students wht families earned more than 530,000 a yt were required to demonstrate need qualify for a GSL. Before Octob anyone, regardless of income, could obt: a GSL. For those who no longer qualified fo GSL, moneylwas available but at mt S

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