Continuing Their Steadfast Support for Higher Ed During the Pandemic, Schumer, Gillibrand Deliver $1.4 Billion for New York's Colleges and Universities as Part of Covid Relief Package; Senators Say Higher Ed Institutions Face Huge Budget Shortfalls Amid Ongoing Covid Crisis

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Institutions Of Higher Education Are Eliminating Majors & Departments, Pausing Admissions, And Cutting Staff To Make Ends Meet During Economic Crisis

Schumer Negotiated, Gillibrand Sheperded Into Passage, $1.4 Billion For NYS Colleges And Universities Into Recent COVID Relief Package, Supplementing Amount Already Disbursed From CARES Act

Schumer, Gillibrand: Additional Aid For Higher Ed Will Help Fight Economic Pandemic

U.S. Senator Charles E. Schumer and U.S. Senator Kirsten Gillibrand today announced an additional $1.4 billion in federal funding for New York state's private, public, and proprietary institutions of higher education, allocated to the U.S. Department of Education's (DOE) Higher Education Emergency Relief Fund II by the recently Schumer-negotiated, Gillibrand-backed, Coronavirus Response and Relief Supplemental Appropriations Act (CRRSAA). The funding is in addition to federal funding already allocated from the CARES Act in March.

"Our universities have been selflessly navigating the ongoing global pandemic, ripping huge holes in their budgets to prioritize the health and safety," said Senator Schumer. "Today's funding I prioritized in negotiations for the recent COVID relief package will help to mitigate some of the financial devastation our colleges and universities face as the crisis continues long beyond what anyone imagined. We need to ensure that our world-class institutions of higher education right here in New York are equipped with the assistance they need to make it through this crisis and thrive."

"New York's universities have been hit hard by this pandemic and they've been forced to make tough budget cuts in order to prioritize the health and safety of their students and staff. Federal funding is critical to ensure students maintain access to a strong education throughout this crisis," said Senator Gillibrand. "The funding that Leader Schumer and I fought to deliver will provide an essential lifeline for these institutions to support students, provide essential technology and infrastructure for online learning, and fund increased expenses due to the pandemic. I'm proud to have secured this funding and I will continue working to deliver resources that our higher education institutions need to weather the COVID-19 crisis."

Schumer and Gillibrand said that public and non-profit schools will be able to use their awards for financial aid grants to students, student support activities, and to cover a variety of institutional costs, including lost revenue, reimbursement for expenses already incurred, technology costs associated with a transition to distance education, faculty and staff trainings, and payroll. Proprietary schools must use their awards exclusively to provide financial aid grants to students.

The DOE specified that allocations to institutions were based on a formula that includes the relative shares of Federal Pell Grant recipients, the relative shares of non-Pell Grant recipients, and the relative shares of Federal Pell and non-Pell Grant recipients exclusively enrolled in distance education prior to the coronavirus emergency.

Allocations to each institution can be found here.

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