RYAN JOHNSON | CONGRESS GAVE COLLEGES A $14 BILLION LIFELINE FOR NPR
May 18, 2020
Higher education is taking a huge hit becuase of the Coronavirus pandemic, check out this great piece by RYAN JOHNSON for NPR called “Congress Gave Colleges A $14 Billion Lifeline. Here’s Where It’s Going”
“College dorms are closed; athletic events are canceled; classes have moved online. Like so many sectors of the U.S. economy, higher education is taking a hit from the coronavirus pandemic. In March, Congress set aside more than $14 billion to help colleges and universities weather the outbreak. Here’s where most of that money has gone, and why many colleges are holding out for more:
The coronavirus rescue package, known as the CARES Act, created three buckets of funding for higher education: $12.5 billion to help with coronavirus-related expenses for schools that participate in federal financial aid; $1 billion for minority-serving institutions, including historically black colleges and universities; and a smaller pot of nearly $350 million for colleges that didn’t get much from those first two buckets, and still had “significant unmet needs.”
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