Federal Stimulus Money to Go to Higher Education Institutions
Yesterday, the U.S. Department of Education released information about how much of the $14 billion in stimulus funding individual institutions will receive from the CARES Act. Inside Higher Education reports that one area that still needs more clarity is how institutions will be permitted to use the funding.
From Inside Higher Education: "[Secretary of Education Betsy] DeVos told reporters the department is working through that question, including whether institutions can use the money to pay for what they’ve already spent to help students or on other coronavirus-related costs as they’ve closed campuses and shifted to online learning... She suggested using the same maximum for the grants as the $6,195 limit for Pell."
A list of how much stimulus funding individual institutions will receive is available here.