Colleges like Troy University across the country are trying to figure out what impact the sequester will have on financial aid, but they say right now, there are more questions than answers.
Federal grants, military student aid and work study. They're all programs that could be on the chopping block now that the across-the-board sequester cuts are in effect.
"Everything that has to do with federal aid comes into the discussion. At this point in time, we're not sure how the impact will be felt at the university or at any university," said Lance Tatum, Vice Chancellor for Global Campus
Troy University officials say they're doing whatever they can to be ready for it. "Financial aid is a big part of what has to be considered as students look at their choices for education. You know, the rising cost of higher education has come into play in terms of what students can and cannot do, and how they have to put together those funding packages, so I think it has everyone's attention," said Tatum.
Troy University officials say they are continuing to investigate what kind of impact the sequester could have on their budgets, and they say they are passing that information along to students.