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CARES Act: Higher Education Emergency Relief Fund

The following information is provided to comply with the Department of Education’s CARES Act Reporting requirements.

CARES Act Reporting 18004(a)(1)

CARES Adjustment Funding Explanation
Last Updated: September 30, 2021

 

  1. Ursinus College signed and returned to the Department the Certification and Agreement on April 10, 2020. Ursinus College has used no less than 50 percent of the funds received under Section 18004(a)(1) of the CARES Act, Section 314(a)(1) of the CRRSAA Act, and Section 2003(a)(1) of the ARP Act to provide Emergency Financial Aid Grants to students.
  1. Ursinus College received $574,647, under Section 18004(a)(1) of the CARES Act on April 24, 2020, $574,647, under Section 314(a)(1) of the CRRSAA Act on March 01, 2021, and $1,449,520 under Section 2003(a)(1) of the ARP Act on May 25, 2021 from the Department pursuant to the institution’s Certification and Agreement for Emergency Financial Aid Grants to Students.
  1. The total amount of Emergency Financial Aid Grants distributed to students under Section 18004(a)(1) of the CARES Act is $1,048,500, under Section 314(a)(1) of the CRRSAA Act is $574,647, and under Section 2003(a)(1) of the ARP Act is $295,400 as of September 30, 2021.
  1. 1,192 students enrolled in the Spring 2020 semester 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. 424 students enrolled in the Spring 2021 semester were eligible to participate under Section 314(a)(1) of the CRRSAA Act. 111 students enrolled in the Fall 2021 semester were eligible to participate under Section 2003(a)(1) of the ARP Act.
  2. As of September 30, 2021, 1,242 students have received Emergency Financial Aid Grants under Section 18004(a)(1) of the CARES Act, 476 under Section 314(a)(1) of the CRRSAA Act, and 111 under Section 2003(a)(1) of the ARP Act.
  1. Methodology for awarding financial aid grants to students was based upon the CARES Act funding allotment Ursinus College received and the number of eligible students (1,192), we used current 2019-2020 financial needs levels as determined by Expected Family Contribution amounts (EFC). With that information we developed a matrix to award the CARES Act funds.

     Using the tiered approach, eligible students with the most financial need received the greatest funding. The eligible undergraduate student amounts ranged from $400 - $1,000. The amounts for eligible graduating seniors were reduced due to educational expenses for seniors differing substantially in the coming year from underclass students. These amounts ranged from $300 - $750.
  1. Methodology for awarding financial aid grants to students was based upon the CRRSAA Act funding allotment Ursinus College received and the number of eligible students (424), we used current 2020-2021 financial needs levels as determined by Expected Family Contribution amounts (EFC). With that information we developed a matrix to award the CRRSAA Act funds.

    Using the tiered approach, eligible students with the most financial need received the greatest funding. The eligible undergraduate student amounts ranged from $900 - $1,300. The amounts for eligible graduating seniors were reduced due to educational expenses for seniors differing substantially in the coming year from underclass students. These amounts ranged from $450 - $650.
  1. HEERF III funds were awarded to date (7/1-9/30/21) using a student/family application and structured the award amount based on individual financial need and family circumstances.
  1. Eligible students were notified of fund availability via email and/or postal mail. CARES/CRRSAA/ARP Adjustment Letters were sent to students at their home address based on eligibility.

CARES Act Quarterly Report 9/30/20

CARES Act Quarterly Report 12/31/20

Cares Act Quarterly Report  3/31/21

Cares Act Quarterly Report 9/30/21