These are the colleges getting the most money from the stimulus bill:
Many were concerned about the funding because under the CARES Act all institutions could receive the money – including for-profit colleges. Others were less concerned given that many for-profit institutions have large proportions of their students exclusively online. Four Democratic Senatorsto require strict accountability measures on for-profit colleges before they could accept the money, but the Department did not appear to address those concerns.
These grants come with some restrictions. At least 50% of the money must be used to provide emergency grants to students to cover expenses like living costs, child care, technology, and more. Emergency funds are really important as many students’ lives are being disrupted, requiring some to move, lose their jobs, and purchase new technology as they move to online instruction.
The remaining funds given to schools can cover expenses incurred related to the coronavirus. Congress gave colleges and universities discretion for this half, which will help them cover the costs of moving online or other unexpected expenses. Many colleges and universities are facing massive increases in costs to swiftly move students to online instruction.
While this seems like a great deal of money—it is—this won’t meet the needs of many institutions. Theissued from the Department says that the emergency grants cannot be used to reimburse institutions for costs or expenses. Many institutions hoped they might be able to use this money to cover costs, such as refunds for room and board they have issued or might issue to students who were told to leave campus.
As Congress considers what Phase Four might look like, it is likely institutions will request more funds. A group of higher education
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