CARES Act funding split between students, university

Yolanda Curtis
May 23, 2020

This report contains information that is required by the U.S. Department of Education.

Central Texas College (CTC) announced the application for eligible students to receive funding from the Coronavirus Aid, Relief and Economic Security (CARES) Act is now available. Funding was also used to refund housing fees to students. These funds are now fully dedicated to supporting emergency financial aid grants to students.

Florida Polytechnic University in Lakeland has collected almost $1.3 million through the CARES Act, resulting in student grants of more than $626,000, spokeswoman Lydia Guzman said.

Florida Southern College in Lakeland received about $2.2 million in emergency aid, spokesman Grant Heston said.

We checked, and several universities across the country have already sent funds to their students. Students were sent an informational email describing the CARES Act grant objective and eligibility criteria, as well as providing a link to the Hamline CARES Act electronic application. The application further explained the program. Those students must complete the FAFSA by May 31.

The college used a formula to determine the amounts given to students in six categories: evening program, graduate program, doctorate program, day program commuter, day program residential and Pell Award recipients.

Students must also verify that they incurred additional "expenses related to the disruption of campus operations due to the coronavirus", per federal guidelines and complete an online application.

Funding from the CARES Act is a one-time grant. Finally, grant award amounts were set in a consistent manner based upon each applicant's AY2020 expected family contribution (EFC) and 2020 spring semester enrollment percentage.

The Hawai'i Department of Education has received more than $43 million in new federal funding to help local schools retain their workforces, transition to online learning and provide services for students during this public health crisis - especially those in low-income and underserved communities - according to a press release from the office of US Senator Brian Schatz (D-Hawai'i).

The college gave the grants to almost 1,500 eligible students who were enrolled either full or part-time on March 11th when in-person classes were transitioned to remote instruction after the coronavirus shut down the campus.

Other reports by iNewsToday