The Coronavirus Aid, Relief, And Economic Security (CARES) Act (H.R. 748) is a $2 trillion stimulus package designed to combat the economic trauma imposed by the COVID-19 global health crisis. In response to nationwide school closures, plummeting enrollment rates, and devastating revenue losses for states, the Education Stabilization Fund (ESF) was established to provide much-needed emergency funding to educational organizations.
To provide K-12 leaders with the information they need to understand the ESF, we created this brief, Impacts of COVID-19 on K-12 Federal Funding. The brief outlines:
- The three education relief funds that will receive 98% of these funds
- Requirements for states to accept these funds
- Provisions in place to give states and LEAs flexibility in responding to COVID-19
- The timeline for available funds and 12 allowable uses of funding
Download the brief today!