It hasn't affected my family too much, because my parents are both still working. As for me, though, there was a brief period where the government tried to get rid of a large portion of the MAP grants for all IL students receiving them. After protesting, lobbying, and writing letters to the legislators and the Governor's Office, the governor borrowed over $2 million to help supply the funds for this upcoming spring semester.
So it almost affected me in a way, but I got lucky.