CFPB Makes COVID-19 Higher Ed Grants Available

The CFPB has posted an article on its Blog regarding higher education grants for college students impacted by the COVID-19 pandemic.

The CARES Act was passed by Congress in March 2020 to help respond to the COVID-19 pandemic. As part of that law and other legislation passed by Congress, the Higher Education Emergency Relief Fund, or HEERF, was established. The HEERF includes a program administered by the U.S. Department of Education that allows colleges, universities, and other institutions to use a portion of the funding to provide emergency grants directly to students to help those who are experiencing financial difficulties from the COVID-19 pandemic. These emergency grants can be used to cover expenses or costs from food, housing, course materials, technology needs, health care, or childcare expenses.