When a little goes a long way.
Today’s students in higher education face many financial challenges while pursuing their education along with rising costs. Federal need-based financial aid programs were never designed to cover coinciding college costs, let alone, unexpected financial setbacks that arise during the course of a program, like car repairs or employer lay-offs. Emergency aid is a critical and proven tool that can support students through these temporary, unanticipated expenses and enable them to complete their education.
The Higher Education Emergency Relief Fund (HEERF) emerged during the coronavirus pandemic, providing $77 billion to institutions of higher education (IHEs) with 50% designated to emergency financial aid grants to students. The grants assisted millions of students throughout the national emergency, allowing many to continue their education and navigate the financial shock of the pandemic.
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During the pandemic, today’s students used emergency aid from HEERF funds to:
🥪Meet basic needs
🪙Reduce student debt
💳Get current on bills
Emergency aid proves its value for today’s students when #StudentStuffHappens: https://bit.ly/40zq8pu
The majority of student recipients used HEERF emergency aid funds to cover critical basic needs:
▪️ Food (61%)
▪️ Housing (50%)
▪️ Transportation (40%)
The @TS_Coalition's latest resource shows how college emergency aid helps when #StudentStuffHappens: https://bit.ly/40zq8pu
A permanent emergency aid fund can help today’s students in precarious financial situations endure a financial shock and stay in school, which is one of the best ways to obtain financial security for years to come.