Coronavirus Aid, Relief, and Economic Security Act, or CARES Act, earmarks $30.7 billion under an Education Stabilization Fund (ESF) for states to spend on education.
The $13.2 billion Elementary and Secondary School Emergency Relief (ESSER) Fund was established to help address the impact that COVID-19 has had, and continues to have, on K-12 schools across the United States. ESSER funding provides K-12 school administrators and leaders with financial resources necessary to address the needs of their individual schools. The CARES Act allows for maximum spending flexibility and will assist schools in preparedness and response efforts, planning for and coordinating during long-term closures, and other activities that are necessary to maintain the operation of and continuity of services in local educational agencies.
The $14 billion Higher Education Emergency Relief Fund (HEERF) was established to help stabilize institutions of higher learning throughout the United States. The goal of HEERF Fund is on students’ education stabilization and keeping higher education safe and secure.
An additional $3 billion established the Governors Emergency Relief Fund (GEER) which governors can use for “significantly impacted” school districts or higher education institutions.
Convergint can help navigate how the allowable uses of the relief fund may be applicable to particular security needs.