SC colleges, universities to receive millions of dollars from coronavirus stimulus bill
South Carolina colleges and universities will receive more than $100 million in federal emergency funding to help students cover food, housing, health care and child care costs.
The US Department of Education released information regarding funding allocations for colleges and universities from the CARES Act stimulus package. The guidelines, released by Secretary Betsy DeVos Thursday, outline how nearly $13 billion will be distributed to higher education institutions nationwide.
Clemson University will be allocated about $13.6 million out of this fund, about $.6 million of which must be given out to students in the form of emergency cash grants "to help cover expenses related to the disruption of campus operations due to coronavirus," DeVos' letter reads.
Last week, the university refunded $15 million to students as a result of the coronavirus.
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Most SC colleges and universities have been allocated funds by the U.S. Department of Education, at least 50% of which must go towards emergency cash grants for students.
Here's what a few of them will receive:
- Clemson University: $13,579,995
- University of South Carolina: $21,415,130
- Furman University: $1,656,467
- Bob Jones University: $2,552,058
- Anderson University: $2,092,286
- North Greenville University: $2,114,032
- USC Upstate: $6,104,655
- Wofford College: $1,103,905
Here are what technical colleges have been allocated:
- Greenville Tech: $6,663,667
- Tri-County Tech: $4,246,483
- Spartanburg Community College: $3,358,632
Using federal data, the department of education determined funding allotments by using a formula of Pell Grant students to non-Pell Grant recipients. A Pell Grant is a form of federal financial aid for low-income college students and equals $6,195 for the current school year.
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It is mainly up to institutions how they can distribute this funding to students, but DeVos emphasized that grants be given out to students with the "greatest need."
"This means that each institution may develop its own system ... which may include distributing the funds to all students or only to students who demonstrate significant need," the letter reads.
Here's what costs the emergency cash grants for college students are intended to cover:
- Course materials
- Health care
- Child care
In her letter, DeVos said the department plans to process payments over the course of the next several weeks.
Higher education institutions will receive additional funding from the CARES Act, but DeVos said the grants for students were a top priority.
Zoe covers Clemson for The Greenville News and Independent Mail. Reach her at firstname.lastname@example.org or Twitter @zoenicholson_