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ARTICLE · 30 APRIL 2020

ED Releases Institutional Funding From CARES Act + Clarifies Student Grant Requirements

Cooley LLP
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On April 21, the US Education Department announced the release of the remaining $6 billion of stimulus funding under the CARES Act's Higher Education Emergency Relief Fund.

United StatesConsumer Protection
Nancy Anderson
Nancy Anderson
Mike Goldstein
Mike Goldstein
Paul Thompson
Paul Thompson
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On April 21, the US Education Department announced the release of the remaining $6 billion of stimulus funding under the CARES Act's Higher Education Emergency Relief Fund. Unlike the first $6 billion that ED released on April 9, which can only be used for emergency student grants, this second release of money is intended to help institutions with COVID-19-related costs. The announcement included an FAQ on the institutional funding and another student funding FAQ clarifying the use and management of the HEERF emergency student aid.

Although nearly half of schools have already signed and submitted the Certification and Agreement necessary to access the emergency student grant funds and some of the student grant funding has already been released to institutions, ED's April 21 FAQ provides important additional limitations with respect to the permissible use and distribution of emergency student funds that were not expressly included in prior announcements. Schools

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