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News & Media

Senate coronavirus stimulus package falls short, higher ed leaders say

The U.S. Senate passed a $2.2 trillion stimulus package late Wednesday meant to blunt the economic fallout from the coronavirus, but higher education leaders say the roughly $14 billion it gives the sector falls far short of what is needed to support institutions. Of the money earmarked for higher ed, more than $1 billion is reserved for historically black colleges and other minority-serving institutions, many of which enroll a significant number of low-income students.