AAU joined ACE and 64 other higher education organizations on a letter to Senate Banking, Housing, and Urban Affairs Committee leaders to request the expansion of the Federal Reserve’s Main Street Lending Program to nonprofit organizations, including nonprofit public and private colleges and universities. The organizations say that many colleges and universities are “seeking low-cost loans to help address the financial impact of the COVID-19 crisis and are interested in accessing the loans created under the CARES Act,” but the Federal Reserve’s recent guidance made nonprofits ineligible for loans through the Main Street Lending Program. The organizations also request that student workers be exempted from calculations of eligibility for any COVID-19-related relief loan program to “accurately reflect the size of institutions in their roles as employers and would allow more colleges and universities to access these important loan programs.”