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Stock impact report

American InterContinental University Pledges to Commit 100 Percent of Federal CARES Act Funds to Campus Students

Perdoceo Education Corporation (PRDO) 
Last perdoceo education corporation earnings: 2/19 04:14 pm Check Earnings Report
Company Research Source: PR Web
CHANDLER, Ariz. (PRWEB) April 16, 2020 On April 16, 2020, American InterContinental University announced that it intends to commit 100 percent of funds received from the Coronavirus Aid, Relief and Economic Security (CARES) Act directly to eligible campus-based students as it becomes available. The University is looking to relieve the financial burden of campus students impacted by the COVID-19 public health crisis as they transition from AIU's physical campuses to online learning.The Education Stabilization Fund, included in the CARES Act legislation, is targeted towards campus closures affected by COVID-19. Although the Act requires colleges and universities to distribute at least 50 percent of federal funds received directly to students for financial assistance, AIU has committed to providing 100 percent of the CARES Act funds it receives directly to current Atlanta and Houston campus-based students to help relieve the financial burdens associated with transitioning to online lear Show less Read more
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