NASFAA Mention: Did You Get Federal Relief Money From December? Depends Which College You Go To

"Despite being separated by just 24 miles and operating within the same college system, California State University, Los Angeles and Cal State Long Beach have one key difference for students right now: Students in Los Angeles started getting relief money in late February while students in Long Beach may have to wait until mid-April," CalMatters reports.

..."Relief money only now making its way to students isn’t 'troublesome,' said Megan Coval, a vice president at the National Association of Student Financial Aid Administrators. Schools technically have a year to use the funds from the time they gain access to them, which in some cases is just recently. The December law also expands how colleges can use the money compared to the CARES Act. 

'There are a lot of decisions that campuses have to make in terms of who’s going to get these funds and how they’re going to disperse them,' Coval said.

Timing for when federal largesse hits campus accounts has been all over the place. UCLA received their December aid for students two weeks ago. Same with Modesto Junior College; the community college is hoping students will see that relief within the next two weeks. At the other end, two schools indicated their funds came in January."

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: 4/6/2021


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