For profit colleges and universities to receive $1.1 BILLION in federal funding from corona virus stimulus package

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$1.1 Billion of the $2.2 Trillion corona-virus stimulus package will go to for-profit colleges and universities which already receive most of their money from the federal government by way of student loans which are paid directly to the schools through Pell Grants and other loans. The top 5 largest for-profits receiving the money are

These grants come with some restrictions. At least 50% of the money must be used to provide emergency grants to students to cover expenses like living costs, child care, technology, and more. Emergency funds are really important as many students’ lives are being disrupted, requiring some to move, lose their jobs, and purchase new technology as they move to online instruction.

The remaining funds given to schools can cover expenses incurred related to the coronavirus. Congress gave colleges and universities discretion for this half, which will help them cover the costs of moving online or other unexpected expenses. Many colleges and universities are facing massive increases in costs to swiftly move students to online instruction.

Public Institutions

  1. Arizona State University — $63,533,137
  2. The Pennsylvania State University — $54,994,846
  3. Rutgers, The State University Of New Jersey — $54,160,640
  4. University of Central Florida — $51,071,250
  5. Miami Dade College — $49,074,737
  6. Georgia State University — $45,243,852
  7. California State University, Northridge — $44,652,328
  8. The Ohio State University — $42,885,215
  9. California State University, Long Beach — $41,729,439
  10. California State University, Fullerton — $41,021,512

Private, Non-profit Institutions

  1. Brigham Young University — $32,272,986
  2. New York University — $25,626,944
  3. Keiser University — $21,190,626
  4. Universidad Ana G. Méndez — $21,074,293
  5. University Of Southern California — $19,278,560
  6. Brigham Young University  — $18,172,623
  7. Universidad Ana G. Méndez — $17,052,692
  8. Liberty University — $15,205,124
  9. Boston University — $14,995,316
  10. DePaul University — $14,373,219

For-profit Institutions

  1. Grand Canyon University — $22,351,397
  2. Nuc University — $21,367,165
  3. Pima Medical Institute — $21,285,691
  4. Florida Career College — $17,303,589
  5. ECPI University — $16,762,368
  6. Platt College — $16,031,127
  7. United Education Institute — $14,992,982
  8. Universal Technical Institute — $14,950,305
  9. Lincoln College Of Technology — $13,341,054
  10. San Joaquin Valley College — $12,104,128