Yesterday, the U.S. Department of Education issued significant
new guidance to institutions of higher education regarding their
receipt and use of the funds being distributed through the Higher
Education Emergency Relief Fund (HEERF), a relief program created
by the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
Thompson Coburn is closely monitoring those elements of the CARES
Act that provide direct and indirect relief to institutions of
higher education. Below, we review the important, and in some
cases, surprising information that was included in the new guidance
documents. Institutions with questions regarding the CARES Act or
the Department's guidance are welcome to contact any of the
individuals noted at the end of this post. We also encourage you to
monitor REGucation, our higher
education blog, and to watch for our webinars on the
topic.
