What federal default would mean for schools and universities

(The Hill) - Higher education is biting its nails watching the debt ceiling timer tick down in Washington.Colleges and universities are working in the background on contingency plans if the U.S. defaults, a scenario that would lead to consequences experts say even they can't fully comprehend.While the schools won't immediately shut down when the debt limit is reached, they will lose significant funding from the federal government, and students will not receive the aid they need, in some cases, t