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Temple University pays students about $ 40 million in COVID-19 bailouts | Local News

Temple University paid students nearly $ 40 million for COVID-19 relief aid.

Through the Higher Education Emergency Relief Fund (HEERF) III, Temples will be allocated $ 39,204,052 and will be used to subsidize students affected by the COVID-19 pandemic, demonstrating financial needs.

This is the third federal COVID-19 stimulus signed by the Coronavirus AID, Relief and Economic Security Act of 2020, which includes funding for higher education institutions and students using HEERF. It’s a bill.

HEERF III was also included in the American Rescue Plan, a $ 1.9 trillion economic stimulus bill passed by the US Congress and signed by President Joe Biden in March.

“Unfortunately, the COVID-19 pandemic is not yet behind us. Families and students continue to be affected by this unprecedented event,” said George Kenny, senior government adviser at Temple University. It is stated in.

“Every step we can take, no matter how small the help, is why this HEERF funding is essential,” he added. “It may be the difference between a student who receives a diploma on time and a student who needs to take a break from college.”

Approximately $ 26.5 million was funded as a $ 3,500 grant to all federal Pell Grant-qualified undergraduates enrolled in the fall semester.

Approximately 7,600 students from Temple’s undergraduates received Pell Grant, including 1,368 first-year students.

Pell Grants show extraordinary financial needs and are awarded to undergraduates who do not have a bachelor’s degree, graduate degree, or professional degree.

Sean Abbott, Vice President of Admissions, Financial Assistance and Registration Management at Temple University, said:

“By using HEERF III, we were able to help the most students ever, which is really great,” he added.

Temple will also provide an additional $ 11 to $ 12 million in HEERF III funding to approximately 10,500 undergraduate, graduate, or professional degree students enrolled in the fall semester. Each student receives a $ 1,000 grant.

The university emailed qualified students and asked them to complete a survey detailing the impact of the pandemic.

“If the students had direct deposits, the money was sent directly to their direct deposits,” Abbott said. “If there was no direct deposit, the student was sent a check.

“Students can spend their money as they please,” he added. “We certainly recommend that they spend it on attendance costs, food and living expenses, but that means the money is really a college version of the stimulus fund.”

Grants from the Temple are only the latest in COVID-19 relief assistance for students from HEERF.

This summer, Temple distributed $ 280,000 to 142 students in the form of a $ 1,000- $ 3,000 grant. The university also paid about $ 1.1 million to 227 students with grants of up to $ 5,000.

During the spring, $ 14.7 million was paid to 16,201 students enrolled in the spring semester of 2021. In 2020, the university distributed over $ 14.7 million directly to students.

“We have distributed the funding from HEERF into three different waves,” Abbott said. “The first round was for balanced students.

“The second round is for the most financially deprived students, and the latest round has given students an additional $ 1,000 grant,” he added.

Mr Abbott said federal bailouts would undoubtedly help the most needy students.

“This pandemic has affected students beyond the pain of paying tuition,” he said. “We learned that students were unemployed. We learned that students struggle to provide even the most basic needs, from internet services to gas money.

“This federal bailout was the difference between a student who was heavily affected by a pandemic and a student who stayed or graduated from college,” Abbott added. “We are grateful for the support from the Federal Emergency Relief Administration and for communicating it to the students who need it most.”

Temple University pays students about $ 40 million in COVID-19 bailouts | Local News

Source link Temple University pays students about $ 40 million in COVID-19 bailouts | Local News

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