April 19, 2020

CARES Act brings millions in relief to FSU, FAMU, but revenue losses are mounting

Florida’s universities and state colleges will be receiving tens of millions of dollars from the CARES Act as part of the $14 billion earmarked for higher education.

Florida’s public universities will pull in nearly $252 million, with half of each university’s share specifically designated “to provide emergency financial aid grants to students for expenses related to disruption of campus operations due to coronavirus,” the U.S. Department of Education said in a release.

So far, the federal agency has announced funding for the first phase of payments, which covers the category for students. The initial estimates for universities and colleges nationally amounts to about $12.5 billion.

The allocations were based on several factors, primarily the percentage of students at each university or state college currently enrolled and receiving Pell Grants.

“Every part of our society is facing the impact of COVID-19, and our colleges and universities are no exception,” said U.S. Rep. Al Lawson Jr., whose district includes FAMU and FSU.

Florida State University students mill about campus Thursday, March 12, 2020, one day after it was announced that beginning March 23, after spring break, classes would be moved online for at least two weeks in response to concerns about the spread of coronavirus.  (Photo: Tori Lynn Schneider/Tallahassee Democrat)

By:  Byron Dobson | Tallahassee Democrat