Are you a student, or do you know a student, who has received a higher education grant under the CARES Act? The IRS recently posted FAQs on its website about information-reporting requirements for these grants. The 2020 CARES Act allows higher education institutions to use additional supplemental educational opportunity grant funds (received through the Higher Education Act) to award emergency financial aid grants to support certain graduate and undergraduate students. These are students who are experiencing “unexpected expenses and unmet financial need” due to the COVID-19 pandemic. Read the FAQs. For questions, contact the Cg Team. © 2021