CARE act for students
approx. $14.25 billion) is directed to higher education institutions
Of the approximately $14 billion dedicated to colleges and universities: Ninety percent (approx. $13 billion) will go directly to institutions of higher education.
Institutions must use at least half of the funds they receive (for a total of approx. $6.975 billion across all institutions) to provide emergency financial aid grants to students for expenses related to the disruption of campus operations due to coronavirus. These expenses include costs such as food, housing, course materials, technology, health care, and child care.
“The bill specifically helps federal student loan borrowers by pausing monthly loan payments through September 30 without interest accruing; each of the months of paused payments counts toward forgiveness under Public Service Loan Forgiveness and income-driven repayment. The bill also halts all involuntary collections, which include wage garnishments and loss of tax refunds. It also ensures that borrowers who are in default will not have other emergency money provided by the federal government seized.
First amount is total allocation and second amount is how much is dedicated to students.
Indiana University - Bloomington $24,572,922 for students only $12,286,461
Indiana University - East $1,062,722 for students only $531,361
Indiana University - Kokomo $2,505,620 for students only $1,252,810
Indiana University - Northwest $2,947,212 for students only $1,473,606
IUPUI- $20,919,345 for students only $10,459,673
Indiana University - South Bend $4,500,518 for students only $2,250,259
Purdue University $22,588,795 for students only $11,294,398
Purdue University Fort Wayne $5,589,305 for students only $2,794,653
Purdue University Global $816,781 for students only $408,391
Purdue University Northwest $5,824,998 for students only $2,912,499