The funds in question represent just under half of the $14 billion Congress allocated to colleges through the CARES Act. They are earmarked for students disadvantaged by the virus.
TICAS noted that the funds were distributed to colleges with relatively few strings attached, minus contentious restrictions on which students could receive the money.
Schools that got funds must tell the department how they’re distributing them to students. TICAS randomly selected 100 schools to evaluate, divided evenly among public two- and four-year, nonprofit and for-profit institutions.