How Much Does The Cares Act Pay Students. The irs issued faqs on the higher education emergency relief fund and emergency financial aid grants under the cares act that clarifies that cares act aid should be treated as a. Of that money, approximately $14 billion was given to the office of postsecondary education as.
Mjc estimates that about 8,000 students are eligible under the title iv eligibility. Students who are eligible for a part of the $16.9 million that uc davis has will see it appear as a line item on their financial aid packages. Under the cares act, there’s currently a 0% interest rate for all federal student loans.
Students may be eligible for one or both parts of the funding, depending on their
However, the act does require the secretary to report to congress within 30 days on what additional waivers may be necessary, including with regard to the individuals with disabilities education act. Heerf december 31, 2020 quarterly report. But under the cares act, all federal student loans have been automatically placed in forbearance. Families also received $500 per child claimed as a dependent.