Sunday, March 5, 2017

University of Iowa notifying thousands of financial aid cuts - Vanessa Miller, the Gazette

The University of Iowa on Wednesday notified 2,440 students receiving scholarships they won’t be getting the money they’re expecting in the next academic year. Those being notified are resident undergraduate students receiving non-merit- and non-need-based aid from a handful of scholarship programs the university is cutting in response to an $8 million takeback in state appropriations in the current budget year. Dropping the programs — which could affect recipients beyond next year — is expected to save the university $4.3 million. “It will be a surprise, but it shouldn’t be a complete surprise because we had language saying for this scholarship, if things change, we will let you know,” UI President Bruce Harreld told The Gazette after he alerted lawmakers Wednesday about the financial aid cuts. “And here, we’re letting you know six months ahead of time.”

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