Covid relief money for college students

If you re not sure if you can afford to attend college in the fall here s how to ask for more financial aid. Coronavirus preparedness and response supplemental appropriations act 2020 p l. The cares act allocated more than 14 billion in covid 19 relief to schools but much of this funding has still not been disbursed to students as required. The covid 19 pandemic has caused economic hardship across the country. And for college students it s been particularly challenging. Continue reading below many have lost their on campus jobs. The money was meant to provide support. Borrowers with loans owned by the u s. Signed into law this week the cares act contains a number of student supports to help you get through these difficult times. Colleges were asked in april to nominate international students for the 2 500 grants which will cover living expenses through the summer if students demonstrate a high financial need and couldn. The coronavirus pandemic has drastically changed the college experience this year. The main piece of legislation providing relief to students is the sweeping 2 2 trillion coronavirus aid relief and economic stimulus cares act. College students could potentially be looking at up to 1 800 in covid relief stimulus checks in 2020. The cares act provides 14 billion for colleges and universities many of which are facing an existential financial threat with the coronavirus. But students who are independent like many graduate students and undergraduates older than 24 will get the full 1 200 one time amount if they have an income of 75 000 or less.

Department of education ed automatically receive a new interest rate of 0 from march 13 2020 through january 31 2021.

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