Stimulus Package 2 Colleges
Department of education on thursday released how much each college and university will receive under the 14 billion set aside for higher education in the stimulus package congress passed recently.
Stimulus package 2 colleges. The stimulus package released in full monday has 82 billion for schools including 22 7 billion earmarked for colleges and universities and 54 3 billion for elementary and secondary education. While the package provides far more money for k 12 schools than the first stimulus bill in march the funds still fall short of what both sectors say they need to blunt the effect of the pandemic. And democratic lawmakers are worrying about whether for profit colleges would be able to.
Similar to the cares act individuals making between 75 000 and 100 000 will. Biden s announcement comes less that a month since congress approved a 900 billion covid relief package. Updated 1 14 a new 1 9 trillion stimulus package proposed by president elect joe biden would dedicate an additional 170 billion for k 12 schools and higher education as well as spending billions more to prop up the state and local governments that are critical to funding education.
President donald trump signed on sunday evening a 900 billion pandemic relief bill into law that includes enhanced unemployment benefits and direct cash payments. Included in the 82 billion total for colleges and universities is more than 4 billion for a governors relief fund more. The law requires each.
Congress provided 14 billion to help the higher education industry in the 2 trillion stimulus package. The 600 checks will only go out to individuals making less than 75 000 a year or couples making less than 150 000. Congress passed the cares act in march and sent direct cash.