Four hundred University students will lose some financial aid for the 1990-91 academic year due to recent federal budget cuts, according to a document released yesterday.

Among those programs targeted for cutbacks are the Supplemental Educational Opportunity Grant, the College Work-Study Employment Program and the Perkins Loan Program. According to 1988-89 figures, more than 11,000 University students received at least partial funding from one of the programs targeted for cuts.

Robert Evans, University director of financial aid, said funding for those programs will be reduced by 1.3 percent nationally, but those cuts could have been much worse.

Evans said he is not sure if the University will be able to compensate students for the lost funds.

"Given the amount of money needed, it will not be easy for the University to come up with the kind of money necessary," Evans said. "I can't imagine we'll come up with every dollar we've lost."

When Congress failed to settle on the appropriation funds for the 1990 fiscal year, the Gramm-Rudman-Hollins budget provisions took effect. This act requires that funds be frozen until Congress approves a budget.

Meanwhile, Congressional subcommittees were asked to come up with a certain amount of savings.

Among the cuts suggested to reduce the deficit was the reduction of appropriations to financial aid programs.

On Dec. 19, President Bush signed the Omnibus Budget Reconciliation Act, releasing a portion of the frozen funds for financial aid. As a result, the cuts were not as large as the Gramm-Rudman-Hollings legislation called for, Evans said.

A spokeswoman for the National Association of Student Financial Aid Administrators said the proposed reductions are a great concern because as the funding level decreases, the demand for aid still increases.

The NASFAA spokeswoman added it is difficult to determine the effects of the cuts on a nationwide level. Universities are just receiving their allocation notices this week, she said.