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CARES ACT: Higher Education Emergency Relief Fund – How Much Did Chabad Yeshivos Recieve, and How Much Goes To Students
by CrownHeights.info
A large chunk of change was disbursed to Higher Education Yeshivos as part of the Cares Act – which provided financial relief during the COVID-19 pandemic – and Chabad-Lubavitch Yeshivos got their fair share.
As part of the 2020 CARES Act, which provided stimulus and emergency aid for the United States to help through the COVID-19 pandemic, a bill called the Higher Education Emergency Relief Fund or HEERF set aside $14 Billion to assist students of higher education.
As part of the bill, a defined portion of the money given to the institutions was required to be disbursed to the students to help with COVID-19 related expenses, such as lodgings, food, or medical expenses.
The decision for how much to disburse to each student depended on many factors, including the number of eligible students, exceptional circumstances, and the total amount awarded to the institution.
While not many Chabad Yeshivos fell into the category of a Higher Education Institution, at least four did.
Take a look at what each school received, and how much they received and are required to disburse to the students:
Central Yeshiva Tomchei Tmimim Lubavitz – Received Total: $743,134 To Be Disbursed To Students: $371,567
Rabbinical College Of America – Received Total: $347,256 To Be Disbursed To Students: $173,628
Talmudical Seminary Oholei Torah – Received Total: $538,150 To Be Disbursed To Students: $269,075
Yeshiva Ohr Elchonon Chabad – West Coast Talmudical Seminary – Received Total: $286,933 To Be Disbursed To Students: $143,467
The information for this article was taken from publicly available government documents.