The White House paused certain federal grants and loans to review alignment with Trump administration priorities. However, the Department of Education clarified that the freeze will not impact student loans, federal Pell Grants, or financial aid applications for college. The temporary funding pause applies only to discretionary grants, leaving Title IV programs unaffected. Some experts warn the pause could impact campus-based aid, such as federal work-study programs. Higher education leaders criticized the policy, citing uncertainty and potential harm to students and research funding.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02The White House announced a pause on certain federal grants and loans to review alignment
00:06with the Trump administration's priorities. However, the Department of Education clarified
00:10that the freeze will not impact student loans, federal Pell Grants, or financial aid applications
00:15for college. The temporary funding pause applies to discretionary grants, leaving Title IV programs
00:21unaffected. Some experts warn that the pause could impact campus-based aid, such as federal
00:27work-study programs. Higher education leaders criticize the policy, citing uncertainty and
00:32potential harm to students and research funding. For all things money, visit Benzinga.com.