HBCUs and colleges serving low-income students receive COVID grants

by Talk Business & Politics staff ([email protected]) 284 views 

Arkansas’ Congressional Delegation on Friday (May 1) announced that $14.573 million in an additional round of coronavirus relief funding for Arkansas’s Historically Black Colleges and Universities (HBCUs) and institutions serving low-income students to help ensure learning continues during the coronavirus crisis.

The funds come from the Coronavirus Aid, Relief, and Economic Security (CARES) Act. It is part of nearly $1.4 billion in additional funding the Department of Education has directed to Minority Serving Institutions (MSIs) nationwide, which is provided on top of the money previously allocated in the first round.

Institutions may use this funding to cover the cost of technology associated with a transition to distance education, grants to cover the costs of attendance for eligible students and training for faculty and staff. Additionally, funds may be used to cover operational costs, such as lost revenue, reimbursements for prior expenses and payroll.

“The Department of Education quickly awarded CARES Act funding to higher education institutions across the state to aid students impacted during this crisis. This additional funding recognizes the unique challenges facing HBCUs and institutions serving low-income students. These institutions play a vital role in transforming lives and make Arkansas’s communities stronger,” the delegation said.

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