Well, no shit.The Education Department says just $6 million of $6.28 billion in emergency aid for college students has reached campuses so far, and officials are trading accusations with college leaders over the slow pace of a rollout that's left students waiting for help.
[...]
Under the stimulus law, colleges are supposed to receive billions in federal funding, based on the number of students on their campus, to distribute to students in emergency cash grants. The money is aimed at helping students cover expenses stemming from the coronavirus, such as food, housing, health care and child care costs, technology and course materials.
[...]
The Education Department is placing blame on colleges, accusing college leaders of “dragging their feet” in submitting applications for money allocated in the bill. Only 27 percent of the more than 5,000 colleges eligible for the program had submitted the paperwork needed to access the funding by Friday, according to the department.
But the department has yet to fully distribute millions of dollars even to those colleges that have applied for the assistance. And higher education groups say the program has been beset by bureaucratic hiccups, confusion over the rules and a lack of guidance from the government.
Department officials are working on a policy that explains in more detail how the higher education stimulus money can be used, but it hasn’t been released publicly yet. Colleges, which apply for the aid on behalf of their students, are reluctant to dole out the money before they know the full rules that will govern the program.
[...]
Colleges are concerned that they could be penalized in the future for running afoul of guidelines that they haven’t yet seen.
Politico
And what are they doing with the $6 billion or so they haven't sent out? Who's getting the interest on that money?
...but hey, do what you want...you will anyway.
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