Education Department Releases $6.2 Billion in Institutional Grants
Last week, Education Secretary Betsy DeVos released an additional $6.2 billion in higher education institutional grants. The Higher Education Emergency Relief Fund provides funding for two separate grant programs that are available to the higher education community to cover emergency costs due to the coronavirus pandemic. The Department of Education (ED) previously released $6.28 billion in funding for Emergency Student Relief Grants and is now releasing $6.2 billion for Institutional Relief Grants. These programs were authorized under the Coronavirus Aid, Relief and Economic Security (CARES) Act.
Under terms of Institutional Relief Grants, universities can use the money received to cover significant changes in instruction delivery due to the pandemic. ED hopes that money can be used "to expand remote learning programs, build IT capacity and train faculty and staff to operate in a remote learning environment so that, at any moment, institutions can pivot quickly."
ED intends to get the funding out as soon as possible and to provide institutions as much flexibility as needed in using the funding. One of the funding requirements for this grant is that institutions must also have executed the Certification and Agreement for Emergency Financial Aid Grants to Students before submitting the Certification and Agreement for the Institutional Grants.