< CARES Act Information
CARES Act Report (4th Quarter 2020), Dec. 31, 2020 (revised 3/9/2022)
How ÃÛ½ÛÖ±²¥ is Providing CARES Act Emergency Financial Aid Grants to Students
As part of the agreement ÃÛ½ÛÖ±²¥ signed with the U.S. Department of Education, ÃÛ½ÛÖ±²¥ pledged
to use no less than 50 percent of the funds received under Section 18004(a)(1) of
the CARES Act to provide Emergency Financial Aid Grants to students.
A total of $2,888,882 has been designated for distribution to students in the form
of Emergency Financial Aid Grants under Section 18004(a)(1) of the CARES Act.
ÃÛ½ÛÖ±²¥ determined that 4,205 of its students were eligible to participate in programs
under Section 484 in Title IV of the Higher Education Act of 1965 and thus eligible
to receive Emergency Financial Aid Grants under Section 18004(a)(1) of the CARES Act. Based on the conditions established by the U.S. Department of Education
the following groups of students are ineligible to receive CARES Act relief aid: (a)
dual enrollment students; (b) students who were enrolled in a 100% online degree program;
and (c) students who are not U.S. citizens or eligible noncitizens.
As of December 31st, 2020, ÃÛ½ÛÖ±²¥ has awarded $2,818,950 (or 97.6% of the total) in CARES Act Emergency
Financial Aid Grants to 4,205 students.
ÃÛ½ÛÖ±²¥ used three methods to distribute aid to students:
1. ÃÛ½ÛÖ±²¥ provided $300 to every student eligible to receive federal student aid to cover
expenses related to the disruption of campus operations that couldn't be easily documented.
Beginning May 14th, $300 checks were disbursed to 4,154 students, totaling $1,246,200.
2. Students who were eligible to receive the standard $300 award could apply for additional
CARES Act support through an application process. To be considered for additional
CARES Act aid, the student had to provide a statement describing their situation and
need. A committee reviewed the applications and awarded students up to $750 in addition to their initial $300 aid, meaning the maximum amount that
a student was able to receive is $1,050 ($750 + $300). A total of 1,442 students submitted
applications for additional aid. Beginning June 2nd, ÃÛ½ÛÖ±²¥ disbursed $403,750 to 1,093
students.
3. In late September 2020, ÃÛ½ÛÖ±²¥ awarded additional CARES Act aid totaling $1,169,000
to current ÃÛ½ÛÖ±²¥ students who were enrolled on March 13, 2020, the date that President
Trump declared a COVID-19 national emergency. Because funds were limited, aid was
distributed only to eligible students with the greatest financial need based on current
financial aid information. A total of 2,125 students (428 graduate & 1,697 undergraduate)
received aid of $250, $500, or $750. The distribution methodology appears below.
Undergraduate Student, Full-Time ($250, $500, or $750)
· $750: Pell Eligible (EFC = 0)
· $500: Pell Eligible (EFC > 0)
· $250: Not Pell Eligible (EFC < 12,000)
Undergraduate Student, Less than Full-Time ($250 or $500)
· $500: Pell Eligible (EFC = 0)
· $250: Pell Eligible (EFC > 0)
Graduate Student, Full-Time ($500)
Students who have questions about CARES Act relief aid should contact finaid@ulm.edu
