Armanino Blog
Article

Department of Education Announces Additional Grant Funding to Support Continued Education at Colleges and Universities

by Stacie Kowalczyk
April 22, 2020

On April 21, 2020, the U.S. Secretary of Education announced an additional $6.2 billion of grant funding made available to institutions of higher education to ensure continued learning. This additional funding is separate from funding previously made and announced on April 9, 2020. The Department of Education is working to make the funds available as quickly as possible.

The funding is part of the overall Higher Education Emergency Relief Fund under the CARES Act, and can be used to expand remote learning, increase information technology capacity and train faculty and staff to operate in the remote environment. Up to one-half of the total funds received by an institution can be used to cover costs associated with changes to delivery of instruction due to COVID-19. Institutions may also use the funding to support additional emergency cash grants for students.

Funding was set for each institution based on a formula in the CARES Act, which is weighted by the number of full-time students who are Pell-eligible and also takes into account other factors such as the school population and students not enrolled at the time of the COVID-19 outbreak.

All institutions of higher education needing to access funds are required to sign a Certificate of Funding and Agreement for Recipient Institutional Costs. You can access the certification form here. Institutions should be aware that they must also have executed the Certification and Agreement for Emergency Financial Aid Grants to Students mentioned in a previous article before they can submit this certification for the additional funding.

For the latest regulatory changes and other information on keeping your organization running through disruption, visit our COVID-19 Resource Center.

April 22, 2020

Stay In Touch

Sign up to stay up-to-date with the latest accounting regulations, best practices, industry news and technology insights to run your business.

Author
Resources
More News and Insights
The Top Construction Trends Impacting the Industry You Need to Know
Webinar
Leverage evolving industry challenges into growth opportunities.

June 10, 2021 | 01:30 PM - 02:30 PM PT
Discovering the Art of Possible With Power Platform
Webinar
Learn how manufacturers use Microsoft’s Power Platform to drive value and optimize processes.

June 3, 2021 | 09:30 AM - 10:30 AM PT
Nonprofit Symposium 2021
Virtual Event
Dive into how you can transform last year’s challenges into strategies for success.

June 3, 2021 | 07:30 AM - 12:00 PM PT