Department of Education Announces Expansion of HEERF Funds and More

The U.S. Department of Education (ED) has announced the availability of an additional $198 million in American Rescue Plan (HEERF) funds for colleges and universities. The agency also clarified and broadened the ways in which funds already received can be used.

Eligibility for the new HEERF funds is based on an application process, with priority given to institutions that serve low income students and/or experienced declines in enrollment. Funds will be awarded in late spring.

The ED also issued an FAQ expanding the allowable uses for HEERF aid that was previously awarded. Acceptable uses now include payments to staff or contractors to support students’ basic needs; this includes academic, financial and mental health support. Examples include the expansion of childcare facilities, food insecurity support and transportation and off-campus housing programs.

Additional information related to these expanded HEERF funds can be found on NACUBO’s website. You can also contact your higher education CPAs if you have any questions about these funds and the FAQ.