On March 27, the president signed into law a $2 trillion relief
and stimulus package – the Coronavirus Aid, Relief, and
Economic Security Act (CARES Act) – designed to address the
economic impact caused by the COVID-19 pandemic. The CARES Act
includes a $30.75 billion Education Stabilization Fund to assist
states, local school districts and postsecondary institutions in
responding to COVID-19, particularly with respect to the mass
transition to online learning. Absent further legislation, the fund
remains available through September 30, 2021. This post highlights
the Higher Education Emergency Relief Fund, a subpart of the
stabilization fund, available to public and private institutions of
higher education.
