NASFAA Mention: How Might Colleges Benefit From the Coronavirus Stimulus Package?

"The higher education sector has not escaped the effects of the coronavirus, which has forced many institutions to close classrooms, move instruction online and empty residence halls," Education Dive reports.

"Administrators anticipate their colleges will take a financial hit as some refund room and board money and create new digital infrastructure to ensure students can complete their work online. Future enrollments have also been called into question, as college leaders fear the economic turmoil the virus created will inhibit students, particularly from overseas, from attending four-year institutions in the U.S.


Congress earmarked nearly $14 billion for higher ed in the legislation, which is called the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Almost all of that sum, about $12.5 billion, will go to institutions directly, according to the National Association of Student Financial Aid Administrators."

NASFAA's "Notable Headlines" section highlights media coverage of financial aid to help members stay up to date with the latest news. Articles included under the notable headlines section are not written by NASFAA, but rather by external sources. Inclusion in Today's News does not imply endorsement of the material or guarantee the accuracy of information presented.


Publication Date: 4/3/2020

View Desktop Version