N.J. Colleges To Receive Student Aid Due to $2 Billion Stimulus Relief

By Naniyah McClain

Student Lifestyle Editor

The new stimulus package will award $40 billion to the nation’s public and private universities. Pennsylvania’s universities will receive $1.3 billion and New Jersey’s universities will receive $835 million, according to the Congressional Research Service.

The money is being distributed to the private/public colleges and universities of New Jersey based on the number of students who receive federal pell grants for emergency aid to students, according to the Philadelphia Inquirer.

“What’s clear is that the administration and Congress recognize the deep financial impact felt by students and universities,” said Temple spokesperson Ray Betzner.

The stimulus legislation includes a system to make student debt cancellation nontaxable. President Joe Biden is hoping to forgive up to $10,000 per borrower to lessen the burden of the $1.7 trillion of national student loan dept, the Philadelphia Inquirer continues.

The money will help New Jersey college students with emergency aid to offset the lost revenue from room and board and additional expenses for COVID-19 testing, the Philadelphia Inquirer added.

COVID-19 Numbers

There was an increase of 4,349 positive COVID-19 cases in New Jersey, with 471 more new cases in Bergen County.