NASFAA Mention: Getting Emergency Financial Aid During COVID-19

"Most colleges suspended in-person classes when the coronavirus began sweeping the U.S. in March, but as May progresses, many students still have not received the federal emergency financial aid grants designated for them by Congress. As colleges begin receiving the federal funds and finalizing plans to distribute the money, students may need to jump through a few hoops to get coverage of their expenses resulting from this disruption," U.S. News & World Report reports. 

..."Colleges can approach the distribution of emergency funds either by pre-identifying students who are eligible without any action on the part of students, or by asking that students submit requests or applications for the funds.

Many colleges are choosing a hybrid option, which involves quickly pushing out funds to students easily identied as eligible while also providing an application to other students who may be eligible but were not pre-identied, says Karen McCarthy, director of policy analysis at the National Association of Student Financial Aid Administrators.

Schools that require an application are 'better able to address individual circumstances because the student can say, 'these are the expenses I had,' McCarthy says, 'but it takes more time to disburse funds to students."

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: 5/11/2020

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