HomeFinanceCARES Act to provide $68.8M to N.J. colleges

CARES Act to provide $68.8M to N.J. colleges

A total of $68.8 million worth of federal Coronavirus Aid, Relief and Economic Security Act funds has been made available to New Jersey-based public colleges to help them continue to provide educational services during the COVID-19 pandemic.

Funding from the U.S. Department of Education through the Governor’s Emergency Education Relief Fund will give state governors flexibility on how to best meet the needs of their education population.

In New Jersey, Gov. Phil Murphy has allocated the funds to postsecondary institutions.

“The COVID-19 pandemic upended life on campuses throughout New Jersey. Institutions of higher education will be feeling its financial ripple effects not just for months and but for years to come,” Dr. Zakiya Smith Ellis, Secretary of Higher Education, said. “While we urge the federal government for additional funding that could benefit every student in our state, we are pleased this pool of funding will be dedicated to supporting institutions of higher education and students hardest hit.”

The GEER fund is in addition to the $289 million that went toward New Jersey-based public and private nonprofit institutions or higher education, and the $11.9 million that was distributed to minority-serving institutions. Also, the CARES Act Elementary and Secondary School Emergency Relief Fund has provided a total of more than $310 million to the state’s elementary and secondary schools.

To apply, click here.

Read more from ROI-NJ on coronavirus:

Related Articles

Haven Savings Bank president and CEO Franconeri elected to NJBankers board

Hoboken-based Haven Savings Bank, which provides retail and commercial banking services to customers in Bergen, Union, Hudson, Morris, Passaic and Essex counties, announced that...

Summit Financial partners with $1.2B RIA Signet Financial Management

Summit Financial, a Parsippany-based, preeminent investment advisory firm offering integrated wealth management and planning services, in collaboration with Merchant, announced a minority investment in...

Spencer Savings Bank adds Coppola to commercial real estate team as client manager

Spencer Savings Bank said Chris Coppola was added to its commercial real estate team as vice president, commercial real estate client manager. Coppola is...

Freedom Bank welcomes Union’s Taylor as VP and regional manager

Maywood-based Freedom Bank announced that Union resident Trevor A. Taylor has joined the organization as vice president and regional manager, where he will oversee...

Affinity Federal Credit Union and Greenlight Financial Technology expand partnership

Affinity Federal Credit Union, which has 20 branches in the tri-state area, announced an expansion of its partnership with Greenlight Financial Technology, Inc. to...

State Treasury says major revenues were down in February, citing early start on Tax Year 2025 refund processing

The state Department of the Treasury reported March 13 that February revenue collections for the major taxes totaled $3.091 billion, down $89.4 million, or...

Latest Articles

Porzio Bromberg adds ex-Homeland Security counsel d’Agincourt to employment, education team

Porzio, Bromberg & Newman, P.C., a multidisciplinary law firm, said March 19 it added Gregory V. d’Agincourt as an attorney on the firm’s employment...

Rutgers Business School revamps MBA in professional accounting

Rutgers Business School announced that it has revamped its graduate degree in professional accounting to equip students with the skills demanded by an industry...

NAI James E. Hanson hire of Kretowicz as senior vice president boosts health care practice

Commercial real estate firm NAI James E. Hanson said on March 20 that Kim Kretowicz was hired as senior vice president and was designated...

B&G Foods completes deal for College Inn and Kitchen Basics brands

B&G Foods Inc. announced on March 19 that it has completed the acquisition of the broth and stock business of Del Monte Foods Corporation...

Rowan University opens new Virtua Health College Research Center

Rowan University marked a major milestone in its research enterprise as leaders from Rowan, Virtua Health and local government gathered to cut the ribbon...

ROI-NJ: Women of Inspiration – Dina Opici, president, Opici Family Distributing

A family tradition When Dina Opici enters the building and heads for her office at Opici Wines & Spirits in Glen Rock, New Jersey, she represents the fourth generation of the...

Latest Articles

Porzio Bromberg adds ex-Homeland Security counsel d’Agincourt to employment, education team

Porzio, Bromberg & Newman, P.C., a multidisciplinary law firm, said March 19 it added Gregory V. d’Agincourt as an attorney on the firm’s employment...

Rutgers Business School revamps MBA in professional accounting

Rutgers Business School announced that it has revamped its graduate degree in professional accounting to equip students with the skills demanded by an industry...

NAI James E. Hanson hire of Kretowicz as senior vice president boosts health care...

Commercial real estate firm NAI James E. Hanson said on March 20 that Kim Kretowicz was hired as senior vice president and was designated...

B&G Foods completes deal for College Inn and Kitchen Basics brands

B&G Foods Inc. announced on March 19 that it has completed the acquisition of the broth and stock business of Del Monte Foods Corporation...

Rowan University opens new Virtua Health College Research Center

Rowan University marked a major milestone in its research enterprise as leaders from Rowan, Virtua Health and local government gathered to cut the ribbon...