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Millions of people are set to lose Covid-19 pandemic-era benefits this fall – specifically, the student loans payment pause, child care provider stabilization funds, the suspension of work ...
The Elementary and Secondary School Emergency Relief Fund, also known as ESSER. [1] is a $190 billion program created by the U.S. federal government's economic stimulus response bills, the Coronavirus Aid, Relief, and Economic Security Act (), Consolidated Appropriations Act, 2021, the American Rescue Plan Act of 2021 (ARP Act), passed by the 116th and 117th U.S. Congress.
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In the U.S., a grant is given on the basis of economic need, determined by the amount to which the college's Cost of Attendance (COA) [6] [7] exceeds the Expected Family Contribution (EFC), [8] calculated by the U.S. Department of Education from information submitted on the Free Application for Federal Student Aid following formulas set by the United States Congress.
However, different types of financial aid have differing effects. Grant awards tend to have a stronger effect on enrollment rates. [72] Changes in tuition and financial aid affect poorer students more than they affect students with higher incomes. [72] In terms of race, changes in financial aid affect black students more than it affects white ...
The rapid onset of the coronavirus pandemic in 2020 led to sweeping stimulus programs across the globe, particularly in America. In addition to enhanced loan programs for businesses, a moratorium ...
The American Rescue Plan Act of 2021, also called the COVID-19 Stimulus Package or American Rescue Plan, is a US$1.9 trillion economic stimulus bill passed by the 117th United States Congress and signed into law by President Joe Biden on March 11, 2021, to speed up the country's recovery from the economic and health effects of the COVID-19 pandemic and recession. [1]
Stakeholders voice concerns that the effects of COVID-19 on lower-income students could last well beyond the pandemic, as is indicated by the 2022 joint study. Co-author Fabrizio Zilibotti, of Yale, expressed that data indicates that "the pandemic is widening educational inequality and that the learning gaps created by the crisis will persist."