How Much Coronavirus Stimulus Money Will Your College Get?

Parents Forum
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The federal stimulus package enacted last month will send about $14 billion in grants directly to institutions of higher education. The law’s passage came as college leaders continued to grapple with the financial consequences of moving instruction online as well as the broader economic fallout of the coronavirus pandemic.

On Thursday, the U.S. Department of Education released new information about how the majority of that money, or $12.5 billion, would be distributed across the sector. (The remaining share of the stimulus money will be directed to minority-serving institutions and smaller colleges.)

https://www.chronicle.com/article/How-Much-Coronavirus-Stimulus/248471?cid=wcontentlist_hp_latest

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D19’s school approximately $879k
D20’s school approximately $1.5 mil

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@milgymfam where were you able to find those numbers?

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Click onto the article, scroll down a bit and there’s a place to type in the school’s name.

5

Ours is getting $10.5 mil, according to the union, half going to the students.

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It appears that the wealthier universities get less. Good idea!

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I thought that money was distributed to all universities based on current enrollments…In general, universities with more students get more money…Or I am misunderstanding…

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S19’s small LAC, about $940k with minimum of $470k allocated to emergency financial aid grants for students.

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I think it is based on enrollment. CU Boulder got about 3x as much as Wyoming, and it is 3x larger. It got slightly more than CSU, and it is slightly larger.

I don’t understand the emergency grants to students. Is that for refunds? For future FA? To pack up their stuff and send it to them?

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$8.5M.

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Funding is based on enrollment. Here is good information about how it is to be awarded: https://www.nasfaa.org/news-item/21575/Trending_AskRegs_Q_A_What_Factors_Do_We_Consider_When_Awarding_Emergency_Funds_To_Students_Under_the_CARES_Act.

12

Boston University expecting a $52 million defecit this academic year: they got about $15 million in stimulus money.
http://www.bu.edu/articles/2020/brown-outlines-how-bu-aims-to-cover-shortfall/?utm_campaign=bu_today&utm_source=email_20200417_full_breaking&utm_medium=1_featured_story&utm_content=university

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D19’s college is getting roughly $10M. I haven’t heard about emergency grants to students, but the college established a $5M emergency fund for employees, third-party contract workers, and organizations impacted by the COVID-19 crisis.

https://penntoday.upenn.edu/news/penn-provides-additional-4-million-support-communities-small-businesses-and-workforce-impacted

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The community college where I teach will receive $11M of which $5.5M is to go directly to student assistance.