NASFAA Mention: Colleges Are Getting Millions to Help Students in Need, but Don't Know How to Spend It

"Indiana colleges and universities are set to receive to roughly $200 million from the federal government’s coronavirus relief package – a welcome boost as higher education institutions and their students face unprecedented challenges, both academic and financial. The only problem: Most schools say they’re not sure yet how to spend it," Indy Star reports.

..."Colleges have been wary of distributing the money for fear of running afoul of future guidance from the federal government, said Justin Draeger, CEO of the National Association of Student Financial Aid Administrators.

There are questions, he said, of which students are eligible and just how the funds can be used. Clarification from the Education Department is needed, he said. Colleges need assurance they won’t be penalized for how they give out the money down the line."

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: 4/24/2020

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