NASFAA Mention: Federal Funding Left out Some of the Most Vulnerable

"Two weeks ago, the U.S. Department of Education released figures on how much each college will receive from the $12 billion set aside for higher education in the coronavirus stimulus package passed by Congress last month. It's hard to say definitively who the winners and losers are, as the funds were parsed out by a specific formula. But that formula proved to disadvantage some of the institutions that may need the most help right now," Inside Higher Ed reports

"'I think it was pretty clear from Congress that the intent was to really focus on the need of students at institutions from the fact that they so heavily weighed the formula toward full-time Pell Grant recipients,' said Megan McClean Coval, vice president at the National Association of Student Financial Aid Administrators.

....The full ramifications of the pandemic on higher education are yet to be seen, McClean Coval said. 'I think investing more in students and institutions in the fourth package will be much needed from Congress,' she said."

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: 4/23/2020

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