tag: Higher Education Emergency Relief

Update April 10, 2020:  Since launching its relief programs on April 3, the Small Business Administration (SBA) has clarified that students employed by the institution should be counted as employees when determining eligibility for the Paycheck Protection Program and Economic Injury Disaster Loan (discussed below). As a result, many small colleges and universities may now exceed the 500-employee maximum and will no longer qualify for assistance through these programs. An institution with more than 500 employees may still be eligible…