Colleges and universities that received Higher Education Emergency Relief Funds (HEERF) are required to have all remaining funds spent by June 30, 2023.  While a blanket extension for spending all remaining HEERF funds was provided by the Biden Administration last year, any unliquidated HEERF funds that have not been spent by June 30 will have to be returned to the Treasury by the institution.

Institutions can receive an exemption from the deadline and having to return unspent funds if they apply for and are granted a no cost extension by June 20.  The application form to request an extension is still pending with the Office of Management and Budget, however, and has not yet been approved or posted as of this reporting.