CARES Act: Higher Education Emergency Relief Fund – Student Aid
In late March, federal legislation was passed to provide economic relief to individuals and organizations dealing with the ramifications of the coronavirus (COVID-19) pandemic. This legislation—titled the Coronavirus Aid, Relief and Economic Security Act (or CARES Act)—established a Higher Education Emergency Relief Fund (HEERF) for colleges and universities in the United States.
The CARES Act directed that 50% of HEERF money must go toward emergency student financial assistance for various expenses related to disruptions of campus operations and changes in instruction method.
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