Colleges Turn to Federal Reserve For More Coronavirus Aid


After receiving $14 billion in Coronavirus Aid, Relief, and Economic Security (CARES) Act funding, colleges and universities are now turning to the Federal Reserve for more aid.

The American Council on Education (ACE) recently sent a letter to Federal Reserve Chairman Jerome Powell asking for clarification and exemptions for the newly announced Main Street Lending Program.

The organization, which represents more than 1,700 colleges and universities, asked the Fed whether “nonprofit private and public institutions” are eligible for the program, and if student employees can be exempt from the employee cap.

Campus Reform

China Has Infiltrated US Higher Education to Impede COVID Research

University of Texas Being Investigated Over Ties to Wuhan Bio-Lab

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s