Clock Ticks on College Covid Relief Dollars

The Biden administration as soon as this week could begin accepting requests from colleges for extra time to spend their share of federal Covid relief dollars. Ahead of a looming June 30 deadline for colleges to spend the money, the Education Department is setting up a new process for colleges to ask for a one-year extension of the time period to use their remaining Covid relief dollars. The vast majority of the more than $75 billion in relief money that the federal government doled out to colleges during the pandemic has already been spent. But about 6 percent of higher education relief dollars remain unspent, according to the Education Department.