By Zoe Finholm\/\/<\/p>\n\n\n\n
Hood College is set to receive almost $2 million from the federal government as a result of the COVID-19 pandemic.<\/p>\n\n\n\n
The Coronavirus Response and Relief Supplemental Appropriations Act (CRRSAA) was enacted in December 2020 to provide financial support to higher education institutions. \u201cThe CRRSAA funds are a one-time grant provided by the U.S. Department of Education to help colleges respond to the pandemic,\u201d according to Vice President for Finance and Treasurer Chuck Mann.<\/p>\n\n\n\n
The money is in addition to what the college receives every year from the state of Maryland.<\/p>\n\n\n\n
The CRRSAA funds will be divided into student aid and institutional support. According to Mann, $632,542 will be used for student aid and $1.4 million will be used for institutional support.<\/p>\n\n\n\n
According to an email sent from President Andrea Chapdelaine, the student aid funds can be used for \u201cany component of the cost of attendance or for emergency costs that arise due to the coronavirus, such as tuition, food, housing, health care or childcare.\u201d<\/p>\n\n\n\n
Students with higher need for this money will be a top priority, Mann said.<\/p>\n\n\n\n
Hood is required to \u201cspend the institutional share of the grant to defray expenses associated with the pandemic, including lost revenue,\u201d Mann said.<\/p>\n\n\n\n
\u201cHood is financially healthy and stable,\u201d Mann said. \u201cBy exercising fiscal discipline, we have been able to control our operating expenditures and make investments in areas that improve the student experience such as new academic programs and facility improvements.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"