Washington, D.C. — Today, the Center for American Progress released a new brief looking at how the recently passed Coronavirus Aid, Relief, and Economic Security Act (CARES) Act’s funding formula for distributing aid to institutions of higher education directs too much funding to wealthier and for-profit colleges at the expense of public colleges. The piece looks at what schools need to weather the financial fallout of the coronavirus pandemic and how Congress can better target this support in future legislation.

To stave off devastating state cuts—and the subsequent tuition increases that would accompany them—the brief calls on Congress to provide an explicit fund for direct support to public colleges and universities, rather than a single fund that forces public colleges to compete for dollars against wealthy private colleges and poor-performing for-profits. In the

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