CARES STUDENT FUNDING
The CARES Act Higher Education Emergency Relief Fund-IHE/Student Aid provides funding to institutions to provide emergency financial aid grants to students whose lives have been disrupted, many of whom are facing financial challenges and struggling to make ends meet. Students cannot apply for assistance directly from the U.S. department of Education, but should contact their institutions for further information and guidance. Institutions have the responsibility of determining how grants will be distributed to students, how the amount of each student grant is calculated, and the development of any instructions that are provided to students about the grant.
POLICY FOR DETERMINING WHICH STUDENTS WILL RECEIVE EMERGENCY FINANCIAL AID GRANTS AND HOW MUCH THEY WOULD RECEIVE UNDER SECTION 18004(A)(1) OF THE CARES ACT:
After several announcements (see below), our financial aid office took the pool of eligible students who responded and divided the funding among them, with approximately double amounts to independent students.
INSTRUCTIONS / ANNOUNCEMENTS FOR STUDENTS:
We sent an email notice to all potentially eligible students, as well as making announcements on our learning platforms for several days, and following up with further emails and phone calls to students who had not responded. These notifications were made from May 25 through June 8, 2020 at which time all funds were allocated.
Any student who has not received funding and believes himself to be eligible, or any student experiencing financial hardship, can email email@example.com or call the financial aid office (732-364-1220 Ext 3) for information about further funding that may become available, whether from the Department of Education or from institutional funds.
BMTC has signed and returned to the Department the Certification and Agreement form, and intends to use the funds received under Section 18004(a)(1) of the CARES Act to provide at least 50 percent of the Emergency Financial Aid Grants to students.
FUNDS AVAILABLE TO STUDENTS
FUNDS DISBURSED TO STUDENTS
The total amount of grants distributed to students under Section 18004(a)(1) of the CARES Act as of the date of submission (i.e., as of the 30-day Report and every 45 days thereafter) = $34,019
TOTAL NUMBER OF STUDENTS
- ELIGIBLE FOR Title IV FEDERAL AID and thus eligible to receive Emergency Financial Aid Grants to students under Section 18004(a)(1) of the CARES Act = 115
- WHO RECEIVED an Emergency Financial Aid Grant to students under Section 18004(a)(1) of the CARES Act = 96