Jordan Coll/ News Director
FIU will receive $120 million in federal aid providing direct financial relief to students according to an announcement made today by the U.S. Department of Education.
More than $36 billion in emergency federal aid will be allocated towards universities and colleges under the American Rescue Plan Act. The plan prioritizes students who have been significantly impacted by the pandemic, such as students who receive Pell Grants or undergraduate students who are in need of financial assistance.
Under the ARP $350 billion will be given in emergency funding for eligible state, local, territorial and Tribal governments according to the U.S. Department of Treasury.
Emergency funds provided by the ARP more than double the emergency relief aid available to students already eligible for the Coronavirus Aid, Relief, and Economic Security Act and the Coronavirus Response and Relief Supplemental Appropriations Act.
The ARP will distribute funding from the estimated $36 billion to the following:
- $10 billion to community colleges
- $2.6 billion to Historically Black Colleges and Universities
- $190 million to Tribally Controlled Colleges and Universities
- $6 billion to minority-based colleges and universities
Over 5,000 institutions including FIU will be provided emergency federal aid in response to the COVID-19 pandemic, in an effort to help students continue their education.