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University of Iowa News Release

Jan. 27, 2006

MEDIA ADVISORY: UI Experts Can Discuss Impact Of Federal Student Aid Cuts

Three representatives from the University of Iowa are available to comment to the media on the impact of a federal budget reconciliation bill that would cut about $12.7 billion in federal student aid over the next five years.

The bill passed the U.S. Senate in December and is expected to be approved by the House of Representatives around Feb. 1. The measure would cut federal funds to the guaranteed loan programs and increase interest rates on the loans. The proposal also increases fees.

For more details on the proposal, you can visit the Web site of the National Association of Student Financial Aid Administrators at http://www.nasfaa.org/publications/2006/greconciliationupdate011906.html

The following are available from the University of Iowa:

--Mark Warner, director of student financial aid. 319-335-3127

--Derek Willard, director of governmental relations. 319-335-3714.

--Mark Kresowik, president of the University of Iowa Student Government; cell, 319-621-7393, office 319-335-3860.

STORY SOURCE: University of Iowa News Service, 300 Plaza Centre One, Suite 371, Iowa City, Iowa 52242-2500.

MEDIA CONTACT: Tom Snee, 319-384-0010, tom-snee@uiowa.edu.