Ted Mitchell, president of the group, told The Washington Post those proposed funds would total $50 billion. In addition, higher-ed leaders are seeking interest-free loans from the federal government, to ease potential cash-flow problems, and $7.8 billion to help with the sudden transition to online and remote education.
“We know these funds will not be close to outweighing the damages” colleges are suffering, Mitchell said. He predicted emergency-response costs for schools would total in the hundreds of billions of dollars. “We want to start quickly, to get money into the hands of students and institutions now,” Mitchell said.
Mitchell said leaders are asking the Senate to consider the proposal as it takes up broader coronavirus-relief legislation in coming days.