Financial Aid Denied to 130,000 College Students

By Marcus Gilmer in News on Jul 30, 2009 6:20PM

With the state feeling the financial crunch and reeling from that recent budget dust-up, we knew lots of folks we're going to suffer repercussions. One of the latest groups to feel the sting is a group of the state's college students who were denied financial aid. Why? Because they applied after the state's May 15 deadline, a deadline which, in the past, had been set much later. Then there's this, according to the Sun-Times:

What's more, under the state budget compromise reached earlier this month, which slashed funding for the state's Monetary Award Program in half, no student at any Illinois school will receive aid for the second half of the 2009-2010 school year.

Other forms of aid are available, such as Pell Grants, loans, and scholarships handed out by specific schools, but it doesn't look good for a lot of state students.