2-16-21 American Rescue Plan also comes with $35 billion for colleges and universities, bringing total relief funding for higher education to around $70 billion.
The budget proposal — which is double the size of the largest government spending packages to date — could be fast-tracked into law by the end of the month. Democrats are advancing the bill through a process known as budget reconciliation, which requires only a simple majority. After an all-night vote-a-rama (debate on reconciliation bills is limited to 20 hours) on February 5, Vice President Kamala Harris arrived to cast her first tie-breaking vote, advancing the measure over unanimous Republican opposition. Though not yet law, the relief package, as well as the hundreds of proposed Republican amendments, serve as blueprints for future laws. Budget resolutions direct congressional committees to write certain spending and tax bills and enable them to pass with a simple majority.
The new COVID-19 relief plan proposes $170 billion in funding for K-12 schools, colleges, and universities, with an additional $35 billion earmarked for higher education. This money will go toward helping campuses meet COVID-19 safety standards, reduce class sizes, invest in virtual technology, and offer summer school to make up for last year's disruptions. It will also provide financial assistance to millions of college students in the form of grants.
Many college students stand to benefit from larger stimulus checks ($1,400), increased unemployment aid ($400 per week), higher child tax credits ($3,000 per child), and renters' relief (the proposal would give another $30 billion to renters and small landlords). https://www.bestcolleges.com/blog/new-covid19-relief-bill-benefits-college-students/
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