This new report finds that among the largest universities or university systems in 44 states, 36 did not receive enough Higher Education Emergency Relief (HEERF) funding to cover reported COVID-induced revenue losses or budget cuts and shortfalls. Based on the universities’ most conservative projections: Of the 14 schools denoting estimated revenue losses or budget shortfalls for FY 2020, 10 received less than 50% of the funding needed to cover COVID-induced revenue losses or budget cuts and shortfalls.

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