The future of federal aid!!

With the current budget process in flux, there are many soon-to-be college freshmen who may have received financial aid award notifications that may change. Most students will have to make a commitment to a college by May 1st, believing that they will receive the aid on the financial aid award notification. However, financial aid officers have been given guidance by the United States Department of Education that award notifications should contain disclaimers or statements which will alert students that their awards are subject to change based on potential federal funding legislation.....so what does a student and family do? They should pay very close attention to the nofications and the federal budget process. They should contact the schools to which they are applying to get the most up to date information on the adjustment of aid packages.

Amendment to this post: the federal budget for 2011 is settled with appropriations to September 2011. However, it has yet to be seen what this budget settlement will do for financial aid. Please keep an eye on posts for future developments!!