"Joe Biden’s tenure in office has proven his administration does not take the pandemic lightly for higher education: His $40 billion bandage has helped over 18 million students receive emergency aid since 2021, according to the Department of Education’s latest performance report on HEERF," University Business reports.

..."Community college students and HBCUs were significantly assisted by the funding. Almost every other community college student received a grant, amassing a total of 3.5 million students, each receiving an average of $1,290 each. As for HBCUs, nearly 80% of their students received a grant, averaging $2,411 each. More than 90% of these colleges kept certain students enrolled due to financial aid.

'Today’s data shows the powerful impact that need-based grant aid—even a small amount—can have for students on the brink of a financial emergency,' said Justin Draeger, CEO and president of the National Association of Student Financial Aid Administrators. 'What’s more, the aid was largely directed to the students who needed it most: those from low-income families and those attending under-resourced institutions.'"

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: 2/3/2023