Due to sequestration and furloughs, the Federal Employee Education & Assistance Fund is processing more loans than ever. Since May 1, 2013 FEEA has provided more than $225,000 in no-interest loans to furloughed feds with total emergency assistance surpassing $350,000 in those three months – more than half of FEEA’s emergency assistance output for all of 2012.
Many of the feds coming to FEEA for help already had tight budgets and, although they cut back where they could in anticipation of being furloughed, were simply not able to save enough to make up for the loss of pay. These hardworking federal employees are doing the best they can to make ends meet under normal circumstances and furlough pay loss made it impossible to pay the rent this month without assistane.
FEEA has more than 500 applications pending and is receiving more each day. The furlough crisis has strained FEEA’s budget and the agency is now in danger of having to turn away those in need due to a lack funds. So far, FEEA has been able to help all qualified applicants but if it doesn’t begin to significant increases in donations, FEEA is worried that its meager reserves are not going to be enough to help all feds in need.
Donations to FEEA's General Fund are urgently needed to ensure all who qualify for assistance will receive it. Donations may be made via credit card on FEEA's web site at www.feea.org/Give.
You may access our official press release here.