Report: Emergency Funds Saved College Students From Stopping Out

"Did the $77 billion given by Congress to institutions of higher education during the COVID-19 pandemic, including a large portion earmarked for students, really make a difference? Emergency funds funneled by colleges and universities indeed were consequential as nearly 90% of recipients said they experienced less stress and were able to concentrate more clearly on their studies, according to a new report released by the National Association of Student Financial Aid Administrators (NASFAA), NASPA and HCM Strategists," University Business reports.

..."“The results show how even small amounts of emergency aid had a meaningful and positive impact to students, and that clearly, basic needs are still a significant concern, as a majority of student respondents indicated they used their grants on food and housing needs,” said Karen McCarthy, NASFAA vice president of public policy and federal relations."

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: 10/6/2022

View Desktop Version