How Much Money Will Oklahoma Universities Get From The American Rescue Plan?
The U.S. Department of Education announced Tuesday how it would allocate more than $36 billion to higher education institutions as part of the American Rescue Plan.
Universities, career techs and even seminaries are eligible for a portion of the American Rescue Plan’s disbursement for higher education. A total of 90 Oklahoma institutions could receive a total of more than $418 million.
Roughly half must go to tuition relief. But the rest can be spent on specific pandemic-caused problems like providing emergency grants, retaining or reengaging struggling students and mitigating the spread of COVID-19.
According to a list created by the Chronicle for Higher Education, there’s a wide range in how much schools will receive. Big schools like the University of Oklahoma and Oklahoma State will receive almost $50 million each. While smaller institutions like for-profit beauty schools will receive tens of thousands.
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