Sequestration could cost thousands of dollars in student financial aid, possibly resulting in more student debt, according to East Tennessee State University’s financial aid director.
The Associated Press reported President Barack Obama and Republican congressional leaders refused to budge in their budget standoff Friday as $85 billion in across-the-board spending cuts was set to go into effect at midnight.
This sequester, a result of failed budget talks in 2011, will be spread out over 10 years unless Congress acts.
Read the full story on the Johnson City Press website.