Colleges Sit On Emergency Cash Meant For Students

The transcript discusses the challenges faced by college students like Jessica Antonio at Arizona State University in accessing emergency student aid during the COVID-19 pandemic. The CARES Act provided $7 billion in aid, but distribution has been slow due to delays in finalizing rules. Some universities, including Arizona State, have withheld funds, causing frustration among students. The transcript highlights the need for transparency in fund management and the impact of delayed aid on students' education.

What prompted students like Jessica Antonio to seek financial aid during the pandemic?

• The increase in tuition fees

• The rise in accommodation costs

• The closure of libraries and need for online learning tools

• The lack of available scholarships

Which university received the highest amount of CARES Act funds?

• New York University

• Florida State University

• Arizona State University

• University of Virginia

What was a major reason for the delay in distributing CARES Act funds to students?

• Universities were waiting for more funds

• The US Department of Education took time to finalize rules

• Students did not apply for the funds

• Universities were not aware of the funds

Why are some universities holding onto a portion of the CARES Act funds?

• To increase faculty salaries

• To return the funds to the government

• To save for future student needs

• To invest in infrastructure

How did Arizona State University plan to use the remaining CARES Act funds?

• To offer more scholarships

• To fund research projects

• To reserve for the fall semester

• To build new facilities