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On thursday the education department made 21 2 billion from the latest stimulus package available to institutions of higher education to support students and school operations.
Stimulus deal higher education. Like the cares act the stimulus act provides regulatory and financial relief for students schools educational agencies and higher education institutions. Student loan borrowers won t get more time to pay their bills in the stimulus deal. Higher education expert mark kantrowitz said the payment pause probably needs to be extended even beyond april.
In order to reach a deal on coronavirus relief which will also send americans a 600 stimulus check and extend enhanced unemployment benefits democrats also agreed to set aside their demands for additional aid to states and universities. This bulletin focuses on higher education institutions. The cares act included 14 billion for higher education the largest direct federal infusion of cash into colleges and universities since the great recession.
The stimulus act is intended to help individuals and businesses continue to prevent prepare for and respond to the covid 19 pandemic. In a true new deal for higher education suzanne kahn director of roosevelt s education jobs and worker power program.
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