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Emergency Financial Aid for Students: Support in Unexpected Hardship

This new act establishes an emergency financial aid program for college students. Educational institutions can apply for funds to provide students with support during unforeseen financial challenges that might prevent them from continuing their studies. The goal is to ensure students don't have to drop out due to unexpected expenses.
Key points
Students can receive financial aid for urgent expenses related to college costs or other issues hindering their studies.
Colleges will be responsible for processing applications, assessing student needs, and quickly disbursing funds, even outside regular business hours.
The aid received will not affect other social benefits or taxes, meaning students won't lose eligibility for other programs.
The act requires colleges to inform students about the program's availability and other federal support programs they might qualify for.
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Additional Information
Print number: 118_HR_2967
Sponsor: Rep. Morelle, Joseph D. [D-NY-25]
Process start date: 2023-04-27