On April 21, the US Education Department announced the release of the remaining $6 billion of stimulus funding under the CARES Act’s Higher Education Emergency Relief Fund to help institutions with COVID-19-related costs.
The Department of Education made available another $3 billion in grant funding under the CARES Act, which will go to states to provide emergency support for education.
ED Releases CARES Act Stimulus Funding for Emergency Student Grants, Subject to Institutional Certification
ED announced it will release a portion of the CARES Act higher education funding to allow institutions to make emergency student grants.
On April 3, the Department of Education released an electronic announcement with continuing guidance for institutions responding to the COVID-19 pandemic.
Following ED’s release of guidance to accrediting agencies on March 17, including the flexibility to bypass public comment periods and adoption by full agency membership, accreditors have been developing and adopting new (and notably temporary) policies to address COVID-19 challenges.
The CARES Act authorizes ED to allow institutions to ease certain federal student aid requirements, provide relief for certain students and borrowers with federally held student loans and relax certain requirements.