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CARES Act: Higher Education Emergency Relief Fund 

 

The Coronavirus Aid, Relief, and Economic Security Act or, CARES Act, was passed by Congress and signed by President Donald Trump on March 27th, 2020. This bill allotted $2.2 trillion to provide fast and direct economic aid to the American people negatively impacted by the COVID-19 pandemic. Of that money, approximately $14 billion was given to the Office of Postsecondary Education as the Higher Education Emergency Relief Fund, or HEERF.

 

Laredo College received funding under this Act as follows:  Student Portion  CFDA 84.425E 18004(a) (1) $4,463,111, Institutional Portion CFDA 84.425F 18004(a) (1) $4,463,111 and Minority Serving Institutions (MSIs) $562,852 18004 (a)(2).

 

CARES Act Quarterly Budget and Expenditure Reports:

CARES Act Quarterly Budget and Expenditure Report for Quarter Ending September 30, 2020