The Coronavirus Aid, Relief, and Economic Security (CARES) Act included $30.75 billion for an Education Stabilization Fund to enable states, local education agencies, and institutions of higher education to prevent, prepare for, or respond to the novel coronavirus. The Education Stabilization Fund includes several distinct funding streams:
- Governor’s Emergency Education Relief Fund: $3 billion
- Elementary and Secondary School Emergency Relief Fund: $13.5 billion
- Higher Education Emergency Relief Fund: $14.2 billion
- Discretionary funds for states with the highest coronavirus burden: $307 million
- Allocations for outlying territories and Bureau of Indian Education
In addition, the CARES Act also includes:
- $100 million in funding for Project SERV, which makes grants to local educational agencies and institutions of higher education to help them recover from traumatic events that disrupt teaching and learning
We are releasing a series of briefs (linked above) to help state and district policymakers make informed decisions about how to use these funds, and to help advocates and leaders of schools, districts, charter management organizations, and other education nonprofits understand the potential implications of these funding streams for their work serving students, families, and communities.
Our latest policy brief on the Elementary and Secondary School Emergency Relief Fund is now available:
