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FAMU receives $26.3 million additional federal stimulus funding

FAMU receives $26.3 million additional federal stimulus funding
Posted at 9:15 PM, May 04, 2020
and last updated 2020-05-04 21:15:59-04

TALLAHASSEE, Fla. (WTXL) — Florida A&M University will receive an additional $26.3 million in federal stimulus funding set aside to assist historically Black colleges and universities to help offset losses related to the COVID-19 pandemic.

FAMU has received $6.5 million of an expected $13 million in CARES Act funding to assist students hurt financially by the pandemic. The remaining $6.5 million is in the pipeline to assist the university to make up losses caused by the disruption that emptied residence halls and campuses across the country.

U.S. Rep. Al Lawson announced Monday that FAMU is among four North Florida colleges and universities who will receive a total of $29,443,491. The money is part of $1.4 billion set aside to assist historically Black colleges and universities and institutions serving low-income students.

Colleges may use the funds to pay for technology associated with a transition to distance education, grants to cover the costs of attendance for eligible students, and faculty and staff training. Additionally, funds may be used to cover operational costs, such as lost revenue, reimbursements for prior expenses and payroll.

Area colleges receiving funds are:

Edward Waters College: $2,348,835

Florida Gateway College: $73,484

Florida State College Jacksonville: $711,841