Capital Region colleges are getting $143M in federal pandemic relief
Justin Dawes / Albany Business Review / May 12, 2021
Colleges and universities in the Capital Region are getting more than $143 million in the latest round of federal pandemic relief funding.
Nearly 3,500 public and private colleges and universities nationwide are getting $36 billion as part of the $1.9 trillion American Rescue Plan relief package signed in March.
At least half of the funding each institution receives must go toward emergency cash assistance grants for students who need it.
The funding comes after a year of pandemic-induced financial strain, forcing institutions to take measures for their own long-term financial sustainability. UAlbany recently said it has $8 million to go to reach a budget reduction target of $33 million. And The College of Saint Rose made cuts last year to combat a projected budget deficit of $15.8 million.
Here is a breakdown of how much money each Capital Region institution is getting from the latest round of relief:
Albany College of Pharmacy and Health Sciences, $2,374,390
Albany Law School, $324,909
Albany Medical College, $548,501
College of Saint Rose, $9,324,647
Excelsior College, $2,092,252
Fulton-Montgomery Community College, $5,325,807
Hudson Valley Community College, $18,397,446
Maria College, $2,421,762
Rensselaer Polytechnic Institute, $13,642,165
Russell Sage College, $4,953,656
Schenectady County Community College, $9,473,257
Siena College, $6,901,679
Skidmore College, $4,175,642
State University of New York at Albany, $44,253,101
SUNY Empire State College, $14,846,000
Union College, $3,050,052
Published: Thu, 13 May 2021 12:00:58 +0000 by d.gardner