Federal
As we previously highlighted, last month Congress agreed to, and the President signed into law, another round of COVID-19 funding relief. Overall, $82 billion was set aside of education, of which $22.9 billion was specifically designated for higher education. Texas A&M University will receive approximately $60 million of those funds to be used for both student and institutional support. Further, through the Governor’s Emergency Relief Fund, Governor Abbot has another $134.3 million at his discretion that can be used for elementary, secondary, and higher education. We anticipate receiving additional information tomorrow on the rollout of these funds.
With President-Elect Joe Biden set to be inaugurated on January 20th, and given the recent special elections in Georgia that will now result in a Democratic majority in both Chambers, it is highly anticipated that additional COVID relief funding bills will ultimately make their way through Congress in the weeks and months ahead.