Bi-Partisan Legislation Allows UEI to Support its Students
IRVINE, Calif., April 16, 2020 — UEI College, a subsidiary of International Education Corporation, is proud to announce that it will use the CARES ACT to support its students by providing grants to help cover student living expenses.
On March 27, 2020, the Coronavirus Aid, Relief and Economic Security Act (CARES Act) was signed into law. One of the many important provisions of the bi-partisan legislation allows the Department of Education to direct funding to organizations like the UEI Colleges, which then provide students direct financial assistance through emergency financial grants.
“These funds allow us to support our students at a time of national crisis,” says International Education Corporation President & CEO Dr. Fardad Fateri. “We are proud that the U.S. Department of Education has entrusted us to distribute these emergency funds to our students.”
Dr. Fateri asserts, “One hundred percent of the Emergency Stabilization Grants designated for students will go to the students.” He added, “all administrative expenses associated with issuing and disseminating checks to our students will be funded by us and not our students.”
UEI College expects to provide emergency grants as soon as the funds are made available by the U.S. Department of Education. “We stand ready to deliver these funds. It is important we get these grants into the hands of our students right away, so they can better deal with this crisis,” Dr. Fateri said. Continue Reading