With the on-going COVID-19 pandemic, higher education in Kentucky has faced budget challenges, but Governor Andy Beshear has announced that Kentucky colleges and universities will avoid state budget cuts this fiscal year.
Kentucky colleges and universities will also receive $20 million in federal relief to help cover costs related to COVID-19.
The allocation is part of $1.6 billion in federal funding that Kentucky received this year through the Coronavirus Aid, Relief, and Economic Security Act, known as CARES.
“My administration puts education first, and sending CARES Act funding to support higher education is crucial as they continue to battle COVID-19 while educating Kentuckians in new and innovative ways,” Gov. Beshear said in a press release. “Access to CARES Act funding has been critical for education, public health, local governments, schools, long-term care facilities. These funds provide direct relief to Kentuckians while also boosting the wider economy and supporting a balanced budget as these dollars get spent locally.”