CARES Act Information
EMERGENCY FINANCIAL AID GRANTS
Anderson University has signed and returned to the U.S. Department of Education the Certification and Agreement for funds received under Section 18004(a)(1) of the CARES Act to provide Emergency Financial Aid Grants to students, and intends to use at least 50% of those funds to provide emergency financial aid grants to students as mandated by the Act.
The total amount of funds that the university received from the department, pursuant to the institution’s Certification and Agreement for Emergency Financial Aid Grants to students, amounts to $782,080. A total of 1,171 students were eligible to receive Emergency Financial Aid Grants under Section 18004(a)(1) of the CARES Act. Eligibility was determined by the following:
- Enrollment prior to when the University moved to online classes on March 18, 2020.
- A completed 2019-20 Free Application for Federal Student Aid (FAFSA). The FAFSA was used to determine an expected family contribution (EFC), and
- Pell eligibility.
Students were sent information via email about the grants, explaining the eligibility requirements, on May 8, 2020. As of September 30, 2020, $754,500 had been distributed to these 1,170 students.
Anderson University received $782,079 on May 19, 2020, under the Section 18004(a)(1) of the CARES Act for the Institutional Portion of the Higher Education Emergency Relief Fund, of which the entire amount has been applied toward refunds of room and board charges made to student accounts during the 2020 spring semester. The final quarterly report representing the use of these funds can be found here.