The new Murray-led education funding bill is a very good deal for public colleges in particular. I estimate they'd get 81% of the non-MSI money, which is 10 percentage points higher than what they got through CARES https://twitter.com/bmckib/status/1278039142903894016

The bill is also very good for community colleges. I estimate public colleges of 2 years or less would receive about 42 percent of the non-MSI funds compared to 27 percent under CARES. 4-year publics get a lower %, but due to higher dollar amounts get $42B(!) more than CARES

The biggest decline is at for-profits, which receive 2% of the money (the 1.5% set aside plus about half of the 1% used for entirely online colleges). That's down from 9% in the CARES Act.

However, it's not quite as uneven as it seems. All FP and online-only college money must go to student grants. That works out to ~$1,961 a student at FPs versus $2,913 per public college student and ~$2,563 per nonprofit student if you exclude money inst. can spend on selves

The biggest winner of the set aside for online-only colleges is Western Governors. I estimate they 'd get $506m--38 percent of the entire fund for online only colleges. (WGU is really big).

What makes it better? First, the bill uses headcount, not full-time-equivalent enrollment, which helps community colleges. Second, it takes for-profits out of the formula and gives them their own set aside. Third, it addresses online-only colleges by giving them a set aside too.

The bill also fixes a bunch of terrible policy choices made by DeVos, such as restricting eligibility for only Title IV eligible students. And it has a much better maintenance of effort.

This spreadsheet has all the data from this thread and institution-level estimates for the non-MSI funds in this bill compared to CARES. https://drive.google.com/file/d/1hT890OpiACiSSBQph1kNG0CStSqVaWzg/view?usp=sharing