"A Newsy investigation finds colleges and universities have not yet distributed millions of dollars in emergency CARES Act grants to students in need," Newsy reports. 

..."Some of the slow awarding of funds has resulted from the U.S. Department of Education taking almost three months to finalize rules for distributing the grants, said Megan Coval, vice president of policy and federal relations at the National Association of Student Financial Aid Administrators."

'This has been a really long and complicated process,' Coval said. 'Our experience has been that schools wanted to get money out the door and were frustrated by some of the hiccups.'"

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: 8/14/2020