Financial Aid Grants to Students under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. This information pertains to the Emergency Financial Aid Grants to Students under the emergency cares act Coronavirus Aid, Relief, and Economic Security (CARES) Act. CARES Act Student Portion - Final Report
The Certification and Agreement were signed by Bryn Mawr College (the "College") and returned to the Department of Education (the "Department") on April 13, 2020. Emergency Financial Aid Grants were distributed to students directly with at least fifty per cent of the College's total award.
The Department informed the College on April 24, 2020, that it had been allocated up to $511,412 for the Emergency Financial Aid Grants to Students.
All eligible students received $511,412* of the Emergency Financial Aid Grant funding as of June 30, 2020.
The assessed absolute number of understudies at the School as of April 24 qualified to partake in programs under Area 484 in Title IV of the Advanced Education Demonstration of 1965. Consequently, prepared to get Crisis Monetary Guide Awards to Understudies under Segment 18004(a)(1) of the Considerations Act was 921 understudies.
Six hundred ninety students have received Emergency Financial Aid Grants under Section 18004(a)(1) of the CARES Act.
Based on the fact that Title IV eligible students enrolled in the College's Graduate School of Social Work and Social Research ("GSSWSR") during the Spring 2020 semester were significantly impacted by COVID-related disruptions, including expenses associated with the sudden switch to remote learning and fieldwork in March, the initial distribution of CARES Act funds ($23,144) was made to these students in early May. The recipe dispersed the assets to all qualified understudies in the GSSWSR. In addition, most eligible students received up to $200 to cover costs associated with child care, healthcare, and technology (hardware, software, and internet connectivity).
The College distributed the remaining funds ($488,277*) on June 18.
The College spread the funds equally to each U.S. undergraduate student who had completed a FAFSA form for 2019-20, was Title IV eligible, demonstrated financial need by qualifying for need-based financial aid during the Spring 2020 semester, and was actively enrolled as of May 1, 2020. The College focused on getting the funds into the hands of students as quickly as possible and wanted to prevent inequitable access to the funds. The CARES Act funds were distributed to students multiple times to provide them with financial resources to assist them in coping with costs related to food, housing, course materials, technology (hardware, software, or connectivity), healthcare, travel, and arrangements for the higher education act retrieval or removal of their belongings from campus during the coronavirus outbreak. It asked the undergraduate students to confirm that they had expenses that qualified them. Students who admitted that they did not have qualifying expenses were not eligible for CARES Act funds, which increased the amount of money distributed to the remaining students. The majority of eligible undergraduates received $898.
All of the students wanted to get a degree; No one was enrolled in a program only offered online; likewise, most students were enrolled full-time.
Understudies of the GSSWSR who got reserves were sent an email on April 21, 2020, telling them about the dissemination of assets to assist them with balancing additional costs caused because of Coronavirus interruptions to the educational program.
On May 27, 2020, the CARES Act, eligibility requirements, and examples of qualifying expenses were explained to all undergraduate students via email. Additionally, it mentioned that the funds are not subject to taxation. After that, on the 10th and 11th of June, each student who was determined to be eligible was sent an individual email outlining the specifics of the distribution as well as an electronic form in which they were asked to indicate whether or not they had incurred expenses that were equal to or greater than the amount that was to be distributed as a result of the disruption to campus operations caused by the coronavirus.