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AAU, Associations Urge Expansion of Paycheck Protection Program for Nonprofit and Public Colleges and Universities

AAU joined ACE and 61 other higher education organizations on a letter to Senate Small Business and Entrepreneurship Committee leaders urging them to expand the Small Business Administration Paycheck Protection Program to explicitly include all nonprofit and public colleges and universities. Colleges and universities are often among the largest employers in their communities, the letter says, and are facing reduced revenue and increased costs associated with COVID-19 far and above those endured by other employers. Expanding the Paycheck Protection Program “would help institutions of higher education of all sizes address the financial issues caused by COVID-19, especially given the forgiveness options for this important program,” the organizations say.

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