Lasts Friday’s report is the first look at how, exactly, those cuts would be distributed among domestic programs. And for many higher education programs, the outlook isn’t good: an 8.2 percent across-the-board program cut for domestic discretionary programs, which make up most of the higher education budget, and a 7.6 percent cut for mandatory spending programs. While the Pell Grant is protected from the cuts during fiscal year 2013, as is the College Access Challenge Grant, other federal financial aid programs would be cut by 7.6 percent across the board, including the Supplemental Educational Opportunity Grant and federal work-study. Student loan origination fees would also increase. The federal programs whose grants sustain university research — the National Science Foundation and the National Institutes of Health, as well as the National Endowment for the Humanities — would see the same across-the-board 7.6 percent cut to mandatory spending and 8.2 percent to discretionary spending.
http://www.insidehighered.com/news/2012/09/17/sequester-would-hit-higher-education-programs-hard