A group of Americans who may have overlooked themselves during the COVID-19 pandemic could soon see some extra cash in their pockets before the end of the year.
Students who have applied for scholarships through the Higher Education Emergency Relief Fund (HEERF), which was passed as part of the CARES Act, to help schools provide emergency scholarships to students experiencing financial difficulties, specifically because of the pandemic, to part of the costs related to the costs of a student’s school attendance and for any emergency costs. Now colleges that have received allotted funds make payments to their students before the year ends.
The amounts students receive will vary, although a number of schools reported amounts from $1,000 to $6,500 going to the US Sun for some students. Some of the schools that reported funds included Penn State, which gave $1,000-$1,800 student grants in a first round of funding that ended Nov. 15 and will soon be handing out another round of $1,000 in funds, Duke University, which plans has grants of $1,750 or $3,000 in December, and the University of Rhode Island, which had previously announced a “block grant” in late November, with funds ranging from $1,500 to $2,500.
These scholarships aren’t the only ways those with higher education have gotten some help during the pandemic, although former students who are still paying off their student debts will soon find themselves repaying their previously interrupted federal student loans.
While student loans were administratively suspended at the start of the pandemic, allowing Americans to stop paying and not accrue interest, they were initially expected to start again in a few months. The break was further extended to 2021, with the Biden administration giving a final extended six-month break ending January 31, 2022.
While economic hardship is a factor in the extended student loan interruption, at the time of the last renewal, it was also widely believed that the U.S. Department of Education did so in part because the Pennsylvania Higher Education Assistance Agency announced it would not. renewing the contract with the federal government after it ended in December, affecting borrowers whose loans are being repaid there.