Saturday, August 22, 2015

$420M in college aid snagged by budget impasse - Debra Erdley, Trib Live

Nearly $420 million earmarked for state grants to 153,585 Pennsylvania college students is in limbo thanks to the state budget stalemate. The Pennsylvania Higher Education Assistance Agency, or PHEAA — the agency that disburses the grants — notified students and schools of estimated grants this year once its board approved a preliminary budget. That document called for the state to maintain the agency's prior year allocation of $344.8 million. PHEAA would kick in $75 million from its student loan servicing business.

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