Home News Local News NM higher ed allocated $84 million in relief funding

NM higher ed allocated $84 million in relief funding

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Eastern New Mexico University and the New Mexico Military Institute are among the state’s higher education institutions to receive federal emergency relief funding.

The Coronavirus Aid, Relief and Economic Security (CARES) Act signed by the Trump Administration on March 27 has allocated $84.26 million for 30 colleges and universities in New Mexico.

ENMU, which includes the main campus in Portales and branches in Roswell and Ruidoso, has received $2.91 million. NMMI has received $415,633 for its higher education students and operations.

According to a news announcement by the New Mexico Congressional delegation, $62 million of the funding comes from the Higher Education Emergency Relief (HEER) Fund. The other $22 million is coming through the Governor’s Emergency Education Relief (GEER) Fund.

Of the $62 million HEER funding allocated for higher education institutions, half of it is earmarked to provide cash grants to students to help them pay for their continued education. The grants can be used for course materials, technology, food, housing, health care and child care. The other part of the HEER funding is to help the institutions cover the costs associated with changing their instructional delivery to online, remote or distance-learning methods.

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The $22.26 million GEER funding will go to the governor’s office and is meant to be used to support education for students of all ages.

The CARES Act also has suspended payments and interest on eligible federal student loans until Sept. 30.