Coronavirus Funding from the U.S. Dept. of Education

Inside Higher Ed is reporting that the U.S. Department of Education is going to release funding to higher ed institutions pursuant to the recently-enacted CARES Act.* It appears that half of the grant (at least) must be used for emergency aid to students. Exactly what the mechanism will be for determining student eligibility is unclear. It is apparently also unclear what rules apply to the portion of funding not used for student aid. Finally, exactly when this aid will arrive is not specified. Apart from that...

Below is the allocation (in $millions) by campus that is reported. The formula determining the amount apparently takes account of enrollment, Pell Grants, and other factors:

UC-Berkeley.........$30.4
UC-Davis............$33.9
UC-Irvine...........$36.7
UCLA................$35.9
UC-Merced...........$13.0
UC-Riverside........$29.7
UC-San Diego........$34.9
UC-San Francisco.....$0.9
UC-Santa Barbara....$25.2
UC-Santa Cruz.......$19.3

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*https://www.insidehighered.com/news/2020/04/10/feds-begin-distributing-emergency-grants-students-affected-campus-closures and https://www.insidehighered.com/news/2020/04/10/listing-funds-each-college-can-expect-receive-under-federal-stimulus