will a government shutdown affect financial aid?
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Impact on FAFSA and Federal Student Aid Call Centers Currently, there is no impact to filing the FASFA for financial aid purposes as the government has been fully funded for the 2019 year. ... Call your servicer for any questions regarding the government shutdown.
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“The ongoing government shutdown does not have a direct effect on federally subsidized higher education loans and grants, and students will still be able to apply for grants and fill out their FAFSA,” Beatty said. Although students are still able to apply for FAFSA, many have experienced delays.
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The shutdown will not affect some of the most politically charged health care programs, including ones created by the Affordable Care Act. Subsidies for people who get their health insurance through healthcare.gov or state marketplaces will not be affected, according to HHS.
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Answer: No. The Centers for Medicare and Medicaid Services has been funded through September 30, 2019, and its programs (Medicare and Medicaid) haven't been affected by the partial government shutdown. Claims continue to be processed as usual.
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The Good News. The good news is that the shutdown has not currently affected your eligibility to qualify for any new federal financial aid. This would include any Federal Pell Grant, FSEOG, or Direct student loans. That specific pot of money is still flowing.
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Salaries for 1.3 million services members of the Army, Navy, Air Force and Marine Corps could be affected by a government shutdown. ... Although not affected during a government shutdown many financial institutions that support current and former servicemembers will offer advanced pay or assistance.
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Student loans and financial aid remain largely unaffected by the shutdown. Despite the partial government shutdown, it should (mostly) be business as usual for students relying on federal student loans to afford college and borrowers repaying them.
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While the unavailability of the website will have no impact on aid disbursement or those who filed the FAFSA before the shutdown, it may impact those families that waited to file the FAFSA and require tax documentation for whatever reason.
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Federal Government Shutdown Impacts Question and Answers If you receive cash benefits through Temporary Assistance for Needy Families (TANF) there are no anticipated impacts to benefits if a federal government shutdown were to occur.
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NIH will continue to accept grant applications, but will not review them during the shutdown. NIH will store the applications it receives and process them when the federal government operations resume.
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During a government shutdown, many federally run operations will halt. Some organizations may still stay open by running on cash reserves, but once these funds run out, they will also close. Any office which does not receive funding from Congress would continue to operate during the shutdown.
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How Does The Shutdown Impact Local Governments? Two words: grant funding. Since about one-third of most states' funding is provided by the federal government, government shutdowns will impact governments at the state level before trickling down to local municipalities.
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In the event of a federal government shutdown, the Small Business Administration (SBA) would cease operating its core lending and investment programs. In addition, the federal government would be unable to enter into new contracts, leaving many small businesses without access to the federal procurement marketplace.
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That means many of those who have been furloughed and have an obligation to make child support payments will not be receiving a paycheck during the partial government shutdown, which means they will most likely not be able to make child support payments or will make only partial payments.
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Government Employees or Contractors with Student Loans The government may be shutdown, but bills will continue to come due. ... Unpaid interest may be capitalized or added to your loan balance, which means your future payment may increase. Income-driven repayment may be another option for your federal student loans.
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The Good News. The good news is that the shutdown has not currently affected your eligibility to qualify for any new federal financial aid. This would include any Federal Pell Grant, FSEOG, or Direct student loans. ... So yes, your student loan payments are still due.
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Federal student aid regulations contain some restrictions that may affect the amount of your scheduled Pell Grant that you actually receive. Some of the most common reasons your grant funds may be reduced are: ... Financial aid doesn't pay for classes if you register after the financial aid lock date.