postsecondary attainment (NBER Working Paper No. The impact of price caps and spending cuts on U.S. The funding formula for the second and third relief packages counted full- and part-time students, boosting funding for community colleges. The CARES Act funding formula used full-time-equivalent (FTE) students to measure the size of the student population (and low-income student population), depressing funding levels for community colleges relative to four-year colleges, as community colleges serve many more part-time students.About 38% of undergraduates at public colleges attend two-year colleges. Under CARES, public two-year colleges were allocated about 31% of the total for public colleges under CRRSA and ARP, they were allocated about 37%. About $19.3 billion of this federal support has been allocated to public two-year colleges about $34.7 billion has been allocated to public four-year colleges.In total, the three relief packages provide $76.2 billion to higher education institutions to defray COVID-19 related expenses, carry out student support activities, and provide financial grants to students. Higher education institutions and their students have received substantial help from the federal government through the CARES Act (March 2020), the Coronavirus Response and Relief Supplemental Appropriations Act (December 2020), and American Rescue Plan Act (March 2021).The funding formula has evolved to better account for the population of students at community colleges. ĬOVID-19 relief funding has helped community colleges continue to operate during the pandemic. Public two-year colleges receive $329 million of about $1 billion in funding from the Department of Labor for workforce and apprenticeship programs.Community colleges receive 42% of the Title V funding for Hispanic-Serving institutions. Community colleges receive about 19% of the Title III funding allocated to Minority Serving Institutions (MSIs), including Historically Black Colleges and Universities (HBCUs) ($114 million of the total $590 million), though nearly 40% of MSIs are community colleges.State spending was $87 billion, and local funding (mostly to community colleges) was $10.5 billion. In fiscal year 2017, federal spending on major higher education programs, including student aid, totaled $75 billion.Many community colleges get no federal grants.
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