State of Texas to invest $57 million in federal funds to maintain state's need-based financial aid programs

Posted at 10:15 PM, Jul 08, 2020
and last updated 2020-07-08 23:15:57-04

Governor Greg Abbott has announced the State of Texas will invest $57 million in federal funds to maintain the state's need-based financial aid programs.

The funding will offset potential coronavirus-related cuts to key state financial aid programs and keep more students enrolled at their colleges and universities.

The money comes from the Governor's Emergency Education Relief Fund made available through the Coronavirus Aid, Relief and Economic Security (CARES) Act signed into law by President Donald Trump.

"As Texas responds to the economic and educational impacts of COVID-19, we want to make sure that students who depend on financial aid continue to receive the support they need to earn their college degree,” said Governor Abbott. "This funding will help keep our students on the path to finishing their education and entering the workforce with knowledge and experience that will help them launch productive careers and attract more employers to our state. These grant programs provide targeted investments in Texas students and in the future of our state."