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CollegeFinancialLady

CARES Act College Funding: Cash for Students

Following up on yesterday’s post. How does a student get cash from his school’s emergency student aid grant under the CARES Act? It depends on the school, and most have not formalized their policies yet. First, how do these funds work? The CARES Act funds– officially HEERF – Student Share (Higher Education Emergency Relief Fund)– are not Title IV education…

CARES Act Funding to Colleges

The CARES Act (the coronavirus stimulus package approved by Congress last month) includes approximately $14 billion in grants to colleges and universities, with about $12.5 billion of that being distributed broadly across the higher education landscape and the remainder targeting minority-serving institutions. The CARES Act requires that half of the funding a school receives be dedicated to emergency student aid,…

College Cost Impacts of COVID

Students who have received a financial aid award for the coming school year should be aware that the costs quoted are most likely 2019-2020 costs. Few, if any, colleges have posted their 2020-2021 school year costs. Many public schools have some version of what my son’s school posted about next year’s costs on their website. The coronavirus is hammering state…