BREAKING – ED WILL BEGIN RELEASING CARES ACTS FUNDS TO INSTITUTIONS

Today the U.S. Department of Education released details about how much postsecondary institutions of higher education will each receive from the recently passed Coronavirus stimulus package know as the CARES Act.

In ED’s press release additional information is given about the process for securing the funding which includes signing an acknowledgement form, and information about how to access the funds through G5 once they are made available. Funds are expected to begin being distributed next week. According to a letter from Education Secretary Betsy DeVos this funding will allow colleges to provide direct emergency cash grants to college students and to defray the costs of moving classes online.

Wondering how much your school will recieive?

Check out ED’s CARES Act Pages here for a Letter from the Secretary, A certification of Agreement and The Formula Allocations broken down by college.