Colleges: Financial Toll Of Coronavirus Is Worse Than Expected

Kery Murakami:

The coronavirus pandemic has taken an even deeper financial toll on colleges and universities than expected, said associations representing two- and four-year institutions. In a letter to House of Representatives leaders, the groups nearly tripled the amount of help they say is needed from Congress in another aid package, to at least $120 billion.

The letter sent by the American Council on Education and 45 other higher education groups to Democratic House Speaker Nancy Pelosi and Republican House minority leader Kevin McCarthy comes as House Democrats are planning to vote, possibly this week, on another bid to try to dislodge the stalemate over additional aid.