OCAP Legislative Update


ED Announces Impact of Sequestration on Title IV Aid

The Department of Education (ED) recently announced the impact of the across-the-board federal budget cuts on Title IV student financial aid programs. The automatic process of budget cuts, known as the sequester, went into effect March 1 as a result of the Budget Control Act of 2011.

ED posted an Electronic Announcement summarizing the impact of sequestration on Title IV aid. OCAP will continue to provide updates as more information becomes available.

Mary Heid
Director for Default Prevention, Compliance & Training Services
OCAP Communications
P.O. Box 3000
Oklahoma City, OK 73101-3000