March 11, 2022

Congressman Neguse Announces Over $516 Million for Colorado Colleges and Universities Under Democrats’ American Rescue Plan

Washington, D.C. — On the one-year anniversary, Congressman Joe Neguse announced that the American Rescue Plan has delivered over $516 million to 73 Colorado colleges and universities in the midst of the COVID-19 pandemic. These landmark investments, at least half of which provide direct financial relief to students, help increase the affordability of higher education while also ensuring that Colorado students stay on track to graduate.

“I was immensely proud to cast my vote for the American Rescue Plan, and a year later, I’m equally proud to announce this urgently-needed funding to support college students and campuses in Colorado,” said Congressman Joe Neguse. “Thanks to President Biden and Democrats’ American Rescue Plan, Coloradan educators and colleges have the resources to continue serving students, bring down costs, and persevere despite unprecedented health and learning challenges.” 

The American Rescue Plan delivered one of the largest one-time infusions of funding ever provided to higher education institutions in the United States. Distributed by the U.S. Department of Education’s Higher Education Emergency Relief Fund (HEERF), these investments are already having a significant impact.  A recent survey of college presidents by the American Council on Education found that HEERF enabled:

  • 93% of colleges to provide direct financial support to students at risk of dropping out
  • 81% of colleges to keep student net prices similar to pre-pandemic levels
  • 70% of colleges to continue to employ faculty, staff, and other employees otherwise at risk of unemployment
  • 63% of colleges to keep students and faculty safe by purchasing COVID-19 tests, health screenings, and health care

 
73 colleges and universities in Colorado will receive this funding, which earmarks $162 million for community colleges and nearly $144 million for Minority Serving Institutions (MSIs) like Hispanic-Serving Institutions. Moreover, colleges and universities in the Second District that are receiving funds under the American Rescue Plan include:

  • University of Colorado Boulder – $51,005,536
  • Colorado State University – $50,135,371
  • Front Range Community College – $29,797,654