Philly’s coronavirus response

$95 million for Philly colleges: How much each school gets under the stimulus

A full 50% of the grant must directly help students.

University of Pennsylvania campus in summer 2019

University of Pennsylvania campus in summer 2019

Mark Henninger / Imagic Digital
michaelawinberg-square-crop-feb2018

The federal government is set to dish out $14 billion in direct aid to American colleges and universities via the CARES Act. Philly, being the college town that it is, will see a big chunk of that change.

But the University of Pennsylvania announced on Thursday that it will reject its $9.9 million of federal funding, after the Ivy League school received widespread criticism for accepting aid with such a large endowment. Penn is among several elite colleges all over the country to turn down the cash, including Harvard, Yale and Princeton.

Overall, the region’s institutions of higher ed were set to get about $95 million. The amount given to each school varies.

The U.S. Department of Education determined funding levels using a few factors, including total enrollment school and the number of students who are eligible for the federal Pell grants. (These awards are often a good measure of the financial health of a student body, since they’re awarded only to undergraduate students with exceptional need.)

All the local colleges contacted by Billy Penn said they haven’t yet decided how they’re going to spend the money.

Per stimulus rules, 50% must go to emergency financial aid and grants for students. After that, the learning institutions get “significant discretion” in spending. Federal officials said they’ll offer some guidance, and recommend allocating as many dollars as possible to covering expenses like food, housing, technology and health care for students with the highest need.

Each of the Philly-area universities can expect at least a six-figures infusion. Depending on the school, there’s a pretty big disparity on the level of funding: the lowest relief package is just over $400k (Moore), with the highest at $28 million (Temple).

Check out the comparisons in the charts below and scroll down for the exact info broken down by school.

The discrepancy between schools gets lower when you look at how much each will get divided by how many students the funding has to cover.

Student bodies at these colleges have different makeups when it comes to how many of them need financial aid.

Temple University 

Funding: $28,740,378
Endowment: $644,089,000
Tuition: $16,970 in state, $29,066 out of state
How many students: 39,581
How many employees: ~4,500
Percent of students who receive Pell grants: 25%

UPenn

Funding: $9,907,683
Endowment: $14,649,762,000
Tuition: $55,584
How many students: 24,806
How many employees: ~23,000
Percent of students who receive Pell grants: 6%

CCP

Funding: $16,102,431
Endowment: $9,980,000
Tuition: $10,284 in state, $15,426 out of state
How many students: 23,138
How many employees: ~1,300
Percent of students who receive Pell grants: 54%

Drexel

Funding: $13,179,268
Endowment: $813,685,000
Tuition: $53,244
How many students: 25,595
How many employees: ~9,800
Percent of students who receive Pell grants: 15%

La Salle

Funding: $4,277,300
Endowment: $80,311,000
Tuition: $30,710
How many students: 5,191
How many employees: ~500
Percent of students who receive Pell grants: 31%

St. Joe’s

Funding: $2,796,324
Endowment: $294,287,000
Tuition: $44,974
How many students: 8,415
How many employees: ~600
Percent of students who receive Pell grants: 8%

UArts

Funding: $1,825,665
Endowment: $53,300,000
Tuition: $44,930
How many students: 1,900
How many employees: ~560
Percent of students who receive Pell grants: 29%

Holy Family University

Funding: $2,023,957
Endowment: $18,500,000
Tuition: $29,338
How many students: 3081
How many employees: ~150
Percent of students who receive Pell grants: 26%

Thomas Jefferson University

Funding: $4,240,183
Endowment: $842,000,000
Tuition: $33,628
How many students: 4,028
How many employees: ~1,600
Percent of students who receive Pell grants: 31%

USciences

Funding: $1,475,914
Endowment: $162,527,000
Tuition: $38,294
How many students: 2,359
How many employees: ~270
Percent of students who receive Pell grants: 15%

Moore College of Art and Design

Funding: $441,674
Endowment: $26,600,000
Tuition: $38,513
How many students: 404
How many employees: ~60
Percent of students who receive Pell grants: 42%

Arcadia University

Funding: $2,563,133
Endowment: $82,645,000
Tuition: $41,630
How many students: 3,811
How many employees: ~300
Percent of students who receive Pell grants: 20%

Villanova

Funding: $4,299,419
Endowment: $766,903,000
Tuition: $52,578
How many students: 6,917
How many employees: ~530
Percent of students who receive Pell grants: 12%

Swarthmore

Funding: $1,200,865
Endowment: $2,131,553,000
Tuition: $50,424
How many students: 1,577
How many employees: ~600
Percent of students who receive Pell grants: 19%

Haverford

Funding: $873,803
Endowment: $529,487,000
Tuition: $52,278
How many students: 1,296
How many employees: ~400
Percent of students who receive Pell grants: 17%

Bryn Mawr

Funding: $1,022,842
Endowment: $907,976,000
Tuition: $49,310
How many students: 1,640
How many employees: ~450
Percent of students who receive Pell grants: 14%

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