Secretary DeVos Releases First Tranche of Relief Funds for US College Students

    View Author April 2020

    On April 9, 2020, US Secretary of Education Betsy DeVos released US$6.28 billion in direct emergency financial aid grants to college students. The funds represent 50% of the nearly US$14 billion in funding provided to institutions of higher education in the recently enacted Coronavirus Aid, Relief, and Economic Security Act (CARES Act) (H.R. 748). The legislation requires institutions of higher education to use at least half of those funds to provide emergency financial aid grants to students for expenses related to the disruption of campus operations due to the coronavirus disease 2019 (COVID-19). According to the legislation, these expenses include eligible expenses under a student’s cost of attendance, such as food, housing, course materials, technology, healthcare and child care. Following are additional details on how these funds are allocated and access requirements.