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Published: Nov 19, 2021 5 min read
Students hang around a college campus in the fall.
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Stimulus checks from the IRS have come and gone, but many college students are still eligible for coronavirus relief payments from their schools.

Back in March, President Biden’s American Rescue Plan set aside nearly $40 billion for the third tranche of the Higher Education Emergency Relief Fund (HEERF), which was first set up by Congress in March 2020 to provide relief to students and higher education institutions during the coronavirus crisis.

Roughly half of that money was earmarked for direct aid to students. While colleges aren’t required to finish distributing money from the third batch of funding until the end of the spring semester in 2022, many are already writing checks to their students to help them cover ongoing expenses related to the coronavirus pandemic like rent, healthcare, travel expenses and childcare.