HIGHER ED REQUESTS EXPANSION OF SMALL BUSINESS ADMINISTRATIONS PROGRAMS
The Association of American Universities (AAU) and the American Council on Education (ACE), of which Duke is a member, joined 33 higher ed associations on a letter to House and Senate Small Business Committee leaders asking them to expand the Small Business Administration programs created by the CARES Act. The organizations are namely interested in the Paycheck Protection Program (PPP) and the COVID-19 Economic Injury Disaster Loan Emergency Advance and Loan Program.
The letter recommends that Congress remove student employees from calculations for eligibility for loan COVID-19 relief loan programs, allow public institutions with fewer than 500 employees to access future expansions of the SBA and PPP and allow exemptions for colleges with more than 500 employees, as granted in other industries.