Blog, March 2021

Disparities in CARES Act Funding for Florida Schools

By Mellissa Chang
March 9, 2021
March, 9, 2021--Over 5,400 private schools across the country received loans from the Paycheck Protection Program (PPP). In total, these loans amount to an estimated $4.5 billion, or approximately $833,000 per school. Florida’s PPP loan data reveal similar trends. In Florida, more than 350 private schools received an estimated $236 million in PPP loans—approximately $675,000 per school.

However, PPP loans were not the only source of education funds for private schools; some were also eligible for federal grants through the CARES Act Elementary and Secondary Schools Emergency Relief