The U.S. Senate's $2 trillion coronavirus relief package includes more than $30 billion for education, with more than $14 billion for colleges and universities and at least $13.5 billion for the nation's K-12 schools.
Most colleges suspended in-person classes when the coronavirus began sweeping the U.S. in March, but as May progresses, many students still have not received the federal emergency financial aid grants designated for them by Congress. As colleges begin receiving the federal funds and finalizing plans to distribute the money, students may need to jump through a few hoops to get coverage of their expenses resulting from this disruption.
The coronavirus pandemic has left thousands of students in need of financial assistance. The race to meet that need has been slowed by red tape and insufficient funding.
On March 27, 2020, the president signed the CARES Act into law, which, among other things, provides broad relief for federal student loan borrowers. Below we have answered questions about several provisions of the Act.
If you’re concerned about your studies or loan repayment, we can help you understand what to do in certain circumstances. We’ll be adding information for students, borrowers, and parents to this page on a regular basis, so please check back frequently.
The Southern University graduating Class of 2020 is in for a special treat, as they are honored virtually by an all-star line-up, including former U.S. President Barack Obama, on Saturday, May 16.
On May 15 at 11AM PT/2PM ET, we’ll broadcast #Graduation2020: Facebook and Instagram Celebrate the Class of 2020. Your commencement address will be given by Oprah Winfrey. Awkwafina, Jennifer Garner, Lil Nas X, Simone Biles, and more, will share words of wisdom for the class of 2020. Miley Cyrus will do a special performance of her hit song, “The Climb.”
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