NASFAA Mention: Less Than 1 Percent of Federal Emergency Cash for College Students Doled Out

"The Education Department says just $6 million of $6.28 billion in emergency aid aimed at college students has reached campuses so far, and officials are trading accusations with college leaders over the slow pace of a rollout that's left students waiting for help," POLITICO writes.

..."Justin Draeger, president of the National Association of Student Financial Aid Administrators, said colleges are still waiting on the department to release more information about how they are allowed to spend the money. Colleges are concerned that they could be penalized in the future for running afoul of guidelines that they haven’t yet seen, he said.

'Schools are working in good faith to get this money out as quickly as they can. But they are also concerned about distributing money when they know more guidance is coming,' Draeger said. 'Many schools have their plans drawn up and ready to go and are just waiting for their money and final guidance” from the Education Department.'"

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: 4/20/2020

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