A Better Formula for Higher Education's Federal Coronavirus Funding: Increasing, Improving, and Accelerating Funding for Higher Education in the Next Stimulus Package

Autor/in	Miller, Ben
Institution	Center for American Progress
Titel	A Better Formula for Higher Education's Federal Coronavirus Funding: Increasing, Improving, and Accelerating Funding for Higher Education in the Next Stimulus Package
Quelle	(2020), (20 Seiten) PDF als Volltext kostenfreie Datei Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Monographie
Schlagwörter	Higher Education; Funding Formulas; Educational Finance; Expenditures; Costs; Budgets; Public Colleges; Economic Impact; Federal Aid; Resource Allocation; State Aid; Federal Legislation; Educational Legislation; Community Colleges; Private Colleges; Grants; Online Courses; School Closing; Federal Government; State Government; Proprietary Schools; COVID-19; Pandemics + Suchen Sie Ihr Suchwort? Hochschulbildung; Hochschulsystem; Hochschulwesen; Funding; Finanzierung; Bildungsfonds; Ausgaben; Cost; Kosten; Finanzhaushalt; Ökonomische Determinanten; Ressourcenallokation; Bundesrecht; Bildungsrecht; Schulgesetz; Community college; Community College; Privathochschule; Grant; Finanzielle Beihilfe; Online course; Online-Kurs; School closings; Schule; Schließung; Schließung (von Schulen); Bundesregierung; Bund-Länder-Beziehung
Abstract	At $14 billion, the investment in operating support for higher education institutions from the coronavirus relief bill, the Coronavirus Aid, Relief, and Economic Security (CARES) Act, is the largest one-year federal infusion of funds going straight to colleges since the Great Recession. Yet it's nowhere close to enough. Many states have already announced higher education funding cuts for this fiscal year that exceed what their public colleges and universities will receive through the CARES Act, to say nothing of the costs colleges have incurred refunding student room and board and shifting programs online because of the novel coronavirus pandemic. And the state budget crisis next fiscal year will undoubtedly be even bigger. With further cuts sure to come, Congress will have to allocate additional funding for higher education if it wants to stave off a devastating crisis across America's postsecondary education system. These funds need to increase by tens of billions of dollars; the Center for American Progress and many other partner organizations have called for at least $46 billion in additional spending for public colleges based on state cuts during the Great Recession and how much worse this situation appears to be. As Congress works to secure more money for colleges, it must provide public colleges with their own dedicated fund that can run through states. In the absence of that, it must make the current formula more effective. Otherwise, precious dollars will not get to those who need them most. (ERIC).
Anmerkungen	Center for American Progress. 1333 H Street NW 10th Floor, Washington, DC 20005. Tel: 202-682-1611; Web site: http://www.americanprogress.org
Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2024/1/01