BIRMINGHAM, Ala. (WBRC) – Colleges and universities across the country have just received more federal government funding to help students who are in financial difficulty.
The American rescue plan called for colleges and universities to be paid a huge check.
“The entire government dollar amount has increased. What started at 14 billion … and then 23 billion is now 40 billion, “said Tyler Peterson, UAB’s executive director of financial aid.
40 billion has been distributed to private and public institutions to help students struggling financially during the pandemic. The money could be used to pay for tuition, food, housing, health care, mental health, or child care.
And the stress of balancing it all was very real for many families.
A US census survey of households with college students found that one of the main reasons students dropped out in the fall was because of loss of income.
This new round of money for the university emergency fund is also available to more families.
“International students. Students with no credentials and students who haven’t graduated from FAFSA may be eligible for COVID-related disorders,” Peterson said.
Undergraduate and graduate students are eligible if you were an active student in Fall 2020, Spring 2021, or Summer 2021. And since it’s a scholarship, you don’t have to pay back the school.
Students can apply through the tax office of their college or university.
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