Emergency Stimulus Funds For College Students

Six weeks after congress passed its massive coronavirus relief bill the money has been slow to reach students and won t be enough to help all those who could use it experts say.

Emergency stimulus funds for college students. In april of 2020 the coronavirus aid relief and economic security cares act provided 8 6 million to the university of new mexico to be distributed as emergency relief grants for students. Many students don t know the federal coronavirus aid relief and economic security act or c a r e s. Afp via getty images.

Students at usc can apply for up to 3 000 in cash grants. College students are finally starting see their share of more than 6 billion in federal funds set aside for emergency financial aid grants. Houston most college students didn t qualify for stimulus checks even though they were hurt financially when they suddenly had to move off campus or lost a job during the shutdown.

Congress set aside approximately 14 25 billion of the 30 75 billion allotted to the education stabilization fund through the cares act for the higher education emergency relief fund heerf. Depending upon whether they meet the qualification criteria some college students could potentially be looking at up to 1 800 in relief money in 2020 when you factor in both the first stimulus. The department will award these grants to institutions of higher education ihe based on a formula stipulated in the legislation.

Schools are required to spend at least half of their total allocation on emergency grants to students and other costs related. The federal stimulus bill includes 14 billion in aid to higher education including 1 7 billion to california colleges and universities to help the institutions and students cope with the impact of the coronavirus pandemic. The education department is beginning to disperse the 14 billion set aside for higher education in the stimulus package passed by congress two weeks ago beginning with 6 billion in funds for institutions to give students through emergency grants.

Devos doubles down on policy shutting vulnerable college students out of emergency grants absent from the latest stimulus package is a repeal of education secretary betsy devos s rule narrowing. College students are set to receive a second round of direct payments through the higher education emergency relief fund heerf following the passage of a coronavirus stimulus package in december. At the university of southern california students can apply for up to 3 000 in federal stimulus cash.