Among other things, during a qualifying emergency (QE) relating to COVID-19, the Act temporarily relaxes certain regulatory requirements of the Title IV federal student financial aid programs that are dictated by statutory provisions of the Higher Education Act of 1965 (HEA), and also grants to the Department of Education (ED) discretionary authority regarding other HEA provisions. The Secretary shall report to Congress, at six-month intervals, each such foreign institution entering into a written arrangement pursuant to this provision. You lost your job, you’ve been furloughed, or you’ve received fewer hours of work or compensation. be able to use these funds to cover costs associated with significant changes to the North Carolina’s 58 community colleges will collectively receive $60 million to provide emergency financial aid to students thanks to the federal Coronavirus Aid, Relief, and Economic Security (CARES) Act. The amount of the payment is based on the student’s scheduled Federal Work-Study hours, as opposed to the average hours worked previously. Tens of thousands of students across California like Hernandez are eligible for emergency coronavirus grants through the federal CARES Act signed into law March 27. USF has received $17.4 million from the U.S. Department of Education, provided through the Coronavirus Aid, Relief, and Economic Security (CARES) Act, that will be used for emergency student aid. Review Faegre Drinker Biddle & Reath LLP's cookies information for more details. Funds grants and contracts with eligible entities to develop and implement internships, accredited fellowships, and accredited residency programs in collaboration with one or more accredited schools of nursing, to encourage the mentoring and development of specialties. The student must have expenses related to the disruption of campus operations due to coronavirus including food, housing, course materials, technology, healthcare and childcare. 7.5% (approximately $1 billion) for additional awards pursuant to the HEA’s Historically Black Colleges and Universities and Hispanic-Serving Institutions programs. Some banks make take longer to process payments. The Act’s key provisions specific to students and educational institutions are summarized below. College students are finally starting see their share of more than $6 billion in federal funds set aside for emergency financial aid grants. There is also aid through the CARES Act. The Act also allocates a total $30.75 billion to higher education institutions, state educational agencies and K-12 schools through an Education Stabilization Fund. Award amounts vary by student and are unique to each student’s circumstances. What is the timeline to award CARES Act Funds? Mandating a strategic plan for primary care medical training, dentistry and graduate medical education, in coordination with the relevant HHS advisory committees. Our goal is to provide funding decisions as soon as possible, So I would encourage … For summer, PCC has used the CARES Act emergency aid funds to provide four levels of a standard relief grant ranging from $75 to $620 per student. This provision applies retroactively from March 1, 2020 and continues for the duration of the QE. Documentation is dependent upon the circumstances of the student applying and will In addition, ED will not require a return of any Pell Grant funds, nor Title IV student loan proceeds, associated with the applicable period. providing emergency support through grants to local educational agencies that the state educational agency deems have been most significantly impacted by coronavirus to support the ability of such local educational agencies to continue to provide educational services to their students and to support the on-going functionality of the local educational agency. What are the types of expenses covered by CARES Act funding? Permits the awarding of certain grants and contracts to for-profit entities, as determined appropriate by HHS, notwithstanding the general Title VIII requirement for grantees and contract parties to be public or private nonprofits. (This does not apply to FFEL program loans that are currently held by private party lenders under the former FFEL Program.) Copyright © 2020, University of South Florida. Select “Tuition & Fees” on the “Student” tab. Why was I was not funded the amount that I requested? How is the university using the other 50 percent of the funds distributed? Funding is now available through the Pierce College Financial Aid office to assist students with expenses related to disruptions to their education due to the pandemic. If you are graduating in fall 2020, you may submit an application to be considered Follow the instructions below to set up eDeposit in your OASIS account: If you are awarded funds, it will take approximately 24-48 business hours from your The Act includes a reporting and planning mechanism that seeks to “improve preventive medicine, health promotion and disease prevention, or access to and quality of health care services in rural or medically underserved communities.”. Can I apply for additional CARES Act Funds if my initial application did not cover my expenses? 3. Can I reapply for more than what I originally requested? For an institution whose student withdraws due to this QE, the institution need not conduct an R2T4 recalculation for that student (except that it must do so for any Perkins Loan funds). Each of the 4 pools from which higher education institutions can receive funds has separate eligibility criteria, guidelines, and timelines… Do not send any information that you would have treated confidentially. The CARES Act funds are not Title IV funds; Work Study falls under Title IV. 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