I understand that the government doesn't want to be giving funding to businesses or organizations that would be hiring a student anyway or ones that would be hiring a student at the same rate. I understand the desire to look for efficiencies there. But there have been studies done on the summer career placement program, and the vast majority of organizations are hiring students they otherwise would not have been able to afford. There was a study done in 1997 that showed that less than 20% would have been able to hire a student otherwise.
We're looking at a funding cut that is much larger than that, and after a couple of years it could cut the budget of that program in half. The consequence is that students will lose jobs. There probably will be a small number of organizations that will be able to still hire students, but for the most part, what we're fearful of is that this does mean students are going to be losing jobs.