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CECU News CECU Readout of the U.S. Department of Education’s Briefing on COVID-19 and CARES Act – Career Education Colleges and Universities CECU Senior Vice President of Policy and Research Nicholas Kent was invited to Thursday afternoon’s briefing with several senior U.S. Department of Education officials, including Secretary Betsy DeVos, Acting Under Secretary Diane Auer Jones, and Assistant Secretary for Postsecondary Education Bob King. The call focused on the Higher Education Emergency Relief Fund and the Department’s announcement that it is making immediately available to postsecondary institutions more than $6.2 billion in emergency grants for students. Although the call lasted only 15 minutes and generally reflected the Department’s press release and accompanying documents, which were sent to CECU members earlier today, there are a few items from the briefing we would like to share. CECU Urges Secretary DeVos to Expeditiously Distribute Relief Funds – Career Education College and Universities On Thursday, president and CEO of CECU, Steve Gunderson, sent a letter to Education Secretary Betsy DeVos stressing the importance of quickly distributing funds from the Higher Education Emergency Relief Fund to institutions. These funds, authorized in the recently enacted CARES Act, will provide the proprietary school sector approximately $1.1 billion to help stabilize and support low-income students and thousands of postsecondary career schools. COVID-19 Resources & Webinars
On March 13, 2020, Career Education Colleges and Universities launched an information webpage for institutions responding to Coronavirus (COVID-19). CECU’s Coronavirus webpage includes a multitude of helpful resources to assist higher education leaders understand the various legal and operational implications of temporarily closing a campus or adapting courses to online learning. View all past webinars here. Upcoming Webinars: COVID-19 Impact on Schools. What you need to know regarding insurance, employee benefits, FFCRA and the CARES act Tuesday, April 14 | 2:00 PM EDT Presenters: Daniel Kusmin, Andy Davenport, Bruce Denson, Bo Hartsfield, Vanessa Lolli & Stuart Latimer from Cobbs Allen Keith Zakarin & Jennifer Kearns from Duane Morris Register Here COVID-19 is reshaping the way we conduct business and deliver education to students, exposing schools to new risks both internally and externally. Schools need to be prepared to identify these risks, implement best practices to mitigate these risks and understand how the new government programs can assist. Topics discussed in this webinar: • FFCRA and CARES Act Resources for schools • COVID-19 Impact on Healthcare Benefit Plans • New external threats emerging from COVID-19 • Insurance industry response to the virus Legal and Regulatory Issues Secretary DeVos Rapidly Delivers More Than $6 Billion in Emergency Cash Grants for College Students Impacted by Coronavirus Outbreak – U.S. Department of Education U.S. Secretary of Education Betsy DeVos announced more than $6 billion will be distributed immediately to colleges and universities to provide direct emergency cash grants to college students whose lives and educations have been disrupted by the coronavirus outbreak. The funding is available through the Higher Education Emergency Relief Fund authorized by the Coronavirus Aid, Relief, and Economic Security (CARES) Act, signed into law by President Donald J. Trump less than two weeks ago. Financial Responsibility and eZ-Audit Reporting Requirements – Federal Student Aid The final regulations published on September 23, 2019 establish, in part, new Financial Responsibility reporting requirements stemming from changes in accounting standards and recommendations made by the community. In the attachment to this Electronic Announcement, the Department address, in a question and answer format, several concerns raised by institutions, auditors, and other community partners regarding how these requirements will be implemented. Coronavirus News Managing COVID-19 Disruption: ED Updates and Consolidates Guidance – Cooley Ed The guidance also reminds institutions that certain requirements remain in full effect, such as FERPA and the Americans with Disabilities Act provisions, as well as existing rules that may be helpful to schools, such as consortium agreements and professional judgment. AACS Statement on Senators’ Letter That Puts Students At Risk – AACS AACS is deeply troubled that Senators Dick Durbin (D-IL) and Elizabeth Warren (D-MA) sent a letter to Secretary Betsy DeVos on April 7th advocating for the exclusion of students attending for-profit, postsecondary institutions from receiving any Higher Education Relief Fund emergency aid in the CARES Act. Additional Coronavirus Coverage CARES Act funds will come in two waves – Community College Daily; 6 Steps to Prepare for an Online Fall Semester – The Chronicle of Higher Education; Chairman Scott Statement on Distribution of First $6 Billion in Emergency CARES Act Funding to Colleges and Students Member Spotlight Charlotte ECPI University nursing students hit the front line to battle COVID-19 before graduating – WBTV There are five weeks left until school is over for nursing students at East Coast Polytechnic Institute in Charlotte. For them, everything they need to know about COVID-19 can’t be found in any of their textbooks. The virus is too new. Coronavirus CARES Act News ED Provides Details on Institutional Allocation for $6 Billion in Emergency Funds for Students – NASFAA DeVos said in a press release Thursday afternoon that the roughly $6 billion allocated to colleges and universities is to be used to provide direct emergency cash grants to students adversely impacted by the ongoing pandemic. The list of individual allocations to colleges and universities was made available to the public. How Much Stimulus Will Your College Receive? – Inside Higher Ed he chart below reflects data the department released. It can be searched to find how much any individual college or university is expected to receive. Or click on the headings to sort the data. Emergency Money for Students Arriving Soon – Inside Higher Ed Education Secretary Betsy DeVos is making billions available for emergency grants to help students affected by campus closures. But colleges are still waiting for their help. ICYMI - How Much Coronavirus Stimulus Money Will Your College Get? Take a Look – The Chronicle of Higher Education On Thursday, the U.S. Department of Education released new information about how the majority of that money, or $12.5 billion, would be distributed across the sector. (The remaining share of the stimulus money will be directed to minority-serving institutions and smaller colleges.). Coronavirus - Resources
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