Arizona State University received the most amount of money among all U.S. colleges from the federal stimulus plan aimed at providing funding to the country’s secondary education system and its students
ASU, the state’s largest university, received $63.53 million based on the number of full-time Pell Grant recipients and enrollment. About 85% of ASU undergraduate students receive some level of financial assistance, which is why the state university received the most funding.
ASU President Michael Crow has made a commitment to opening the university to all, rather than trying to be an elite institution that keeps students out.
Local colleges Grand Canyon University and University of Phoenix are giving the entire amount of their funding to their students.
“Our goal with that funding will be to support students first and foremost in continuing their academic studies,” said ASU spokeswoman Katie Paquet. “Those dollars will be used to support ASU students who demonstrate a need for additional aid if the student or family has experienced unforeseen financial challenges due to issues such as job loss, income reduction or illness.”
During the next few weeks, ASU will consider uses of the remaining funds, particularly in the context of maintaining institutional continuity during Covid-19 and into the next academic year.
“ASU has a team assembled from across the university that is working to establish the answers to many questions relate to the CARES Act,” she said. “A specific plan is still being developed.”
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