The Federal Reserve expects to distribute a stimulus check in the amount of up to $6,300 by December 15, just in time for the holiday shopping season to individuals who fall into a very specific category.
A medical school in Atlanta may be eligible to receive federal stimulus funds, which have been awarded to the university to assist with expenses associated with their educational pursuits. This is a possibility for students at the medical school.
In recognition of their accomplishments, Morehouse School of Medicine will award each of its students with a financial gift of $6,300.
Because of this, the costs of daycare, food, transportation, housing, and health-care services are increasing as well.
Coronavirus Aid, Relief, and Economic Security Act of 2020 (also known as the Coronavirus Relief and Economic Security Act of 2020) was signed into law by former President Donald Trump in March of that year.
In order to provide financial assistance to Americans as the epidemic spread, Congress enacted the Act, which had an overall monetary value of $2.2 trillion dollars.
Higher education institutions and students can receive assistance from the Higher Education Emergency Relief Fund, which has a budget of $14 billion and is available when disaster strikes.
As a result of the initial investment, a total of $39.6 billion in additional capital was invested.
Morehouse students are expected to receive their $6,300 in installments by the 15th of December, according to the university’s expectations.
A total of $56 million in financial assistance was provided to the school as a result of the grant.
Additionally, Meharry Medical College in Tennessee was awarded a monetary prize, which was then divided between the college’s 956 students, each of whom received a grant worth up to $10,000.
It should have been sent to their students two weeks ago, but it wasn’t done until recently.