Federal changes in the financial aid formula for low-income college students will result in bigger cuts in Wisconsin than in 43 other states, an analysis by the U.S. Department of Education shows. Steve Van Ess, University of Wisconsin-Madison director of student financial services, estimated that about 2,000 low-income students at UW-Madison will lose an average of 13% of their Pell Grant, or about $250 to $300 a year, as a result of the new formula.
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