How Budget Cuts Could Affect You
Some college students could lose hundreds of dollars a year, according to a coalition of universities and college professionals. The 77-member Student Aid Alliance says the cost could total as much as $876 a year in new fees, fewer work-study hours and reduced grants for students receiving federal aid.
Some 70,000 students enrolled in pre-kindergarten Head Start would be cut from the program and 14,000 teachers would lose their jobs. For students with special needs, the cuts would eliminate some 7,200 teachers and aides.
The Education Department is also warning that the cuts will impact up to 29 million student loan borrowers and that some lenders may have to lay off staff or even close. Some of the 15 million college students who receive grants or work-study assignments at some 6,000 colleges would also see changes.â¿¿CONGRESS Congressional trips overseas likely will take a hit. House Speaker John Boehner, R-Ohio, told fellow Republicans that he's suspending the use of military aircraft for official trips by House members. Lawmakers typically travel on military planes for fact-finding trips to Afghanistan or Pakistan, or other congressional excursions abroad. â¿¿TAX COLLECTION Any furloughs at the Internal Revenue Service will be delayed until summer, after the tax filing season ends, so the agency says it shouldn't delay tax refunds. But other IRS services will be affected. Millions of taxpayers may not be able get responses from IRS call centers and taxpayer assistance centers. The cuts would delay IRS responses to taxpayer letters and force the agency to complete fewer tax return reviews, reducing its ability to detect and prevent fraud. The IRS says this could result in billions of dollars in lost revenue to the government, complicating deficit reduction efforts. â¿¿LABOR More than 3.8 million people jobless for six months or longer could see their unemployment benefits reduced by as much as 9.4 percent. Thousands of veterans would not receive job counseling. Fewer Occupational Safety and Health Administration inspectors could mean 1,200 fewer inspections of dangerous work sites.
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