Major Disaster Guidance for Institutions in States Impacted by COVID-19 – NASFAA
The Federal Emergency Management Agency (FEMA) has declared multiple states and U.S. territories affected by COVID-19 as major disaster areas — and it is expected that more states may be added to the disaster area list in the future. These declarations free up emergency funds that can be sent to “state, tribal, and eligible local governments and certain private nonprofit organizations for emergency protective measures,” and in some cases, trigger the Department of Education’s (ED) general disaster guidance.
For affected parties needing help, refer to the Dear Colleague Letter GEN-17-08, which provides general guidance for regulatory relief to students, institutions, lenders, guaranty agencies, and their servicers in administering the federal student financial aid programs. Relief under GEN-17-08 only applies to states with disasters designated eligible to receive “Individual Assistance” by FEMA.