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Moody’s: $14B stimulus funding unlikely to cover colleges’ coronavirus expenses

Although the stimulus package is “mildly credit positive” for the higher ed sector, the analysts note the amount it allocates directly to colleges for their own use is equal to just 1% of total university expenditures. The revenue losses and added expenses colleges will face due to the pandemic will “likely be in excess of that amount,” they write.

Colleges must spend half the funds they get through the legislation on emergency aid to students.

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