Ohio State University Could Lose More Than $27 Million With Sequester Cuts
The sequester is forcing cuts at Ohio State University.
Internal Ohio State estimates show that the university could lose between $27 to $133 million in the next year alone.
Ohio State also is slated to lose $4 million next year in Medicare funds.
Federal investment in research development will slow as grants go away, and officials said 200 of their neediest students will lose grants and work study money.
“These are the students who are from the lowest income families, where their parents can’t help them with college and that program is being cut,” said Dr. Caroline Whitacre, the vice president for research at OSU.
As sequester begins, Congress and the President must reach a deal on the debt ceiling by March 27 or the whole federal government could shut down.
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