The Department of Education Office of Postsecondary Education awarded Cybertex Institute of Technology $588,992 under the Education Stabilization Fund Formula Grant program (CFDA 84.425) on April 21, 2021. The grant period runs through August 8, 2022 to prevent, prepare for, and respond to the coronavirus COVID-19 pandemic. Specifically, the funding supports Cybertex Institute of Technology in providing financial aid grants directly to students for expenses related to the disruption of campus operations due to coronavirus, such as course materials and technology as well as food, housing, health care, and childcare. The grant assists the institution in addressing financial challenges that students face as a result of the pandemic and supports continued student enrollment and retention at the school located in Austin, Texas.
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