Black Friday Sale! 50% Off All Access

Puerto Rico Receives More Than $900 Million in Education Funds That Were Held Back by Trump Administration Secretary of Education Miguel Cardona announced on Monday that the U.S. territory will finally get much-needed aid.

By Justin Chan

Entrepreneur+ Black Friday Sale

Our biggest sale — Get unlimited access to Entrepreneur.com at an unbeatable price. Use code SAVE50 at checkout.*

Claim Offer

*Offer only available to new subscribers

Puerto Rico has been given immediate access to $912 million in federal funds that the Trump administration had withheld from the island's private and public school students.

Secretary of Education Miguel Cardona made the announcement on Monday, just weeks after Puerto Rico Governor Pedro Pierluisi wrote a letter to Cardona asking for access to previously approved aid.

"Our students have endured a lot, since the hurricanes from 2017 to earthquakes and the Covid-19 pandemic, and they deserve to go back to normal," Pierluisi said in Spanish, according to NBC News. "These resources will provide the necessary funds to satisfy the needs of our students on the island. On behalf of our children, teachers, and the parents of Puerto Rico, I thank Secretary Miguel Cardona for his commitment to supporting Puerto Rico and President Biden for quickly granting Puerto Rico access to these federal funds."

Related: How Entrepreneurship Is Helping to Save Puerto Rico

In 2019, the Trump administration limited the island's access to the funds, accusing the Puerto Rico Department of Education of mismanaging money in the past, NBC reports. Now, under new leadership, the U.S. territory hopes to fast-track assistance to its students, some of whom returned to 96 reopened schools earlier this month (Puerto Rico has 858 public schools altogether.)

The funds include $390 million that was approved under the CARES Act, along with additional money from the Elementary and Secondary School Emergency Relief Fund and the Governor's Emergency Education Relief Fund. The funds will also encompass all of the fiscal year 2019 department program grant money (a total of $522 million) as well as money under the Elementary and Secondary Education Act of 1965 and the Individuals With Disabilities Education Act.

"The Department is committed to partnering with and supporting Puerto Rico in the efficient and effective use of department funds to serve Puerto Rico's students, including to safely reopen schools and maximize in-person instructional time," Cardona stated in a press release.

The U.S. Department of Education is expected to work in tandem with local officials to figure out how best to use the money to support Puerto Rican students, a spokesperson for Jenniffer González, Puerto Rico's resident commissioner, told NBC.

Justin Chan

Entrepreneur Staff

News Writer

Justin Chan is a news writer at Entrepreneur.com. Previously, he was a trending news editor at Verizon Media, where he covered entrepreneurship, lifestyle, pop culture, and tech. He was also an assistant web editor at Architectural Record, where he wrote on architecture, travel, and design. Chan has additionally written for Forbes, Reader's Digest, Time Out New YorkHuffPost, Complex, and Mic. He is a 2013 graduate of Columbia Journalism School, where he studied magazine journalism. Follow him on Twitter at @jchan1109.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Business News

'Father Time Always Wins': Warren Buffett, 94, Just Announced Major Changes to His Plan to Give Away His Money

Warren Buffett continued his Thanksgiving tradition with a $1.1 billion donation of Berkshire Hathaway stock to four of his family's foundations.

Business News

This Is What Black Friday and Holiday Shoppers Are Really Looking for This Season, According to New Research

Shopify's annual holiday survey revealed some surprising news about retail spending this holiday season.

Health & Wellness

Why Personal Health and Wellness Are Key to Business Longevity

Here's why health truly is wealth, especially if you want to be a good business leader.

Living

I Tried New Sleep Tech From the Cult-Favorite Brand Behind Theragun. Should You Add It to Your Holiday Wish List?

Therabody's SmartGoggles 2nd Generation and SleepMask offer different solutions for sleep.

Growing a Business

They Went From Selling Hangers as Kids to Starting a Retail Brand Worth $100 Million – Here's What the Property Brothers Learned About Entrepreneurship

The kings of HGTV, Property Brothers Drew and Jonathan Scott, share their insights as lifelong entrepreneurs.