The amount each college gets is determined by how many full-time students it enrolls and the share of those students who receive Pell Grants. The U.S. Department of Education said institutions could claim the money immediately, though higher ed groups say a lack of direction from the department has slowed its delivery.
https://www.educationdive.com/news/whats-the-best-way-to-get-federal-coronavirus-aid-to-college-students/576381/