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<p class="MsoNormal" style="text-align:justify;text-justify:inter-ideograph"><b><span style="font-size:12.0pt;font-family:"Georgia",serif;color:#222222">Courtesy of WCET News and Russ Poulin</span></b><span class="DefaultFontHxMailStyle"><span style="font-size:12.0pt"><o:p></o:p></span></span></p>
<p class="MsoNormal" style="text-align:justify;text-justify:inter-ideograph"><o:p> </o:p></p>
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph">
<span style="font-size:12.0pt;font-family:"Georgia",serif">Yesterday, April 9, 2020, the U.S. Department of Education released more information about funds flowing to institutions and their students as outlined in the recent Congressional action, the
<a href="https://www2.ed.gov/about/offices/list/ope/caresactgrantfundingcoverletterfinal.pdf">
CARES Act</a>. More than $6 billion dollars will be transmitted to institutions, tentatively beginning next Wednesday, to be distributed in direct aid for students.<o:p></o:p></span></p>
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph">
<span style="font-size:12.0pt;font-family:"Georgia",serif"><o:p> </o:p></span></p>
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph">
<span style="font-size:12.0pt;font-family:"Georgia",serif">On </span><span style="font-size:12.0pt;font-family:"Georgia",serif">the Department's Office of Postsecondary Education (OPE)
<a href="https://nam05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww2.ed.gov%2Fabout%2Foffices%2Flist%2Fope%2Fcaresact.html&data=01%7C01%7Celisa.jaden%40sreb.org%7C2774e780445c49b585bd08d7dcc7df1e%7Ceb20950b168c497a98452b099844f3ef%7C0&sdata=ukqtFbYtlsxZWX1WB4ux9nA8bC5GPiB8x7LAvKXpdmg%3D&reserved=0">
webpage</a></span><span style="font-size:12.0pt;font-family:"Georgia",serif">, next steps are outlined:<o:p></o:p></span></p>
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph">
<span style="font-size:12.0pt;font-family:"Georgia",serif"><o:p> </o:p></span></p>
<ul style="margin-top:0in" type="disc">
<li class="MsoNormal" style="text-align:justify;text-justify:inter-ideograph;mso-list:l0 level1 lfo2">
<span style="font-size:12.0pt;font-family:"Georgia",serif">A letter from Secretary DeVos briefing institution presidents about the background and the process for claiming the funds.<o:p></o:p></span></li></ul>
<p class="MsoNormal" style="margin-left:.5in;text-align:justify;text-justify:inter-ideograph">
<span style="font-size:12.0pt;font-family:"Georgia",serif"><o:p> </o:p></span></p>
<ul style="margin-top:0in" type="disc">
<li class="MsoNormal" style="text-align:justify;text-justify:inter-ideograph;mso-list:l0 level1 lfo2">
<span style="font-size:12.0pt;font-family:"Georgia",serif">Access to a "certificate" that institutions must complete and file before obtaining the funds. As there is some turn-around time between submitting the document and its final approval, institutions
should consider quick action if they wish to access the money early.<o:p></o:p></span></li></ul>
<p class="MsoNormal" style="text-align:justify;text-justify:inter-ideograph"><span style="font-size:12.0pt;font-family:"Georgia",serif"><o:p> </o:p></span></p>
<ul style="margin-top:0in" type="disc">
<li class="MsoNormal" style="text-align:justify;text-justify:inter-ideograph;mso-list:l0 level1 lfo2">
<span style="font-size:12.0pt;font-family:"Georgia",serif">A list of how much funding is allocated to each institution.<o:p></o:p></span></li></ul>
<p class="MsoNormal" style="text-align:justify;text-justify:inter-ideograph"><span style="font-size:12.0pt;font-family:"Georgia",serif"><o:p> </o:p></span></p>
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph">
<span style="font-size:12.0pt;font-family:"Georgia",serif">There will also be another $6+ billion allocated for institutions to offset some of the costs of transitioning to remote learning and other expenses experienced due to the pandemic. More information
will be provided on the institution-focused funding soon. NASFAA, the National Association of Student Financial Aid Administrators,
</span><span style="font-size:12.0pt;font-family:"Georgia",serif">provides additional
<a href="https://nam05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.nasfaa.org%2Fnews-item%2F21501%2FED_Provides_Details_on_Institutional_Allocation_for_6_Billion_in_Emergency_Funds_for_Students&data=01%7C01%7Celisa.jaden%40sreb.org%7C2774e780445c49b585bd08d7dcc7df1e%7Ceb20950b168c497a98452b099844f3ef%7C0&sdata=H1B7KEhSz21StHVW83NhpTkyr%2FwhmmWGI6TeifxDwYQ%3D&reserved=0">
details</a></span><span style="font-size:12.0pt;font-family:"Georgia",serif"> in its coverage of this breaking news.</span><span style="font-size:12.0pt;font-family:"Georgia",serif"><o:p></o:p></span></p>
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<p class="MsoNormal"><span lang="EN" style="font-size:12.0pt;font-family:"Georgia",serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span lang="EN" style="font-size:12.0pt;font-family:"Georgia",serif">S-SARA<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN" style="font-size:12.0pt;font-family:"Georgia",serif">Southern Regional Education Board<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN" style="font-size:12.0pt;font-family:"Georgia",serif">(404) 879-5517<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN" style="font-size:12.0pt;font-family:"Georgia",serif"><a href="mailto:SARA@SREB.org">SARA@SREB.org</a>
<o:p></o:p></span></p>
<p class="MsoNormal"><span class="DefaultFontHxMailStyle"><span style="font-size:12.0pt"><o:p> </o:p></span></span></p>
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