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College to Award $1.3 Million in CARES Act Emergency Aid to Students

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College to Award $1.3 Million in CARES Act Emergency Aid to Students

Jefferson College will distribute $1.3 million in federal emergency financial aid grants to qualifying currently enrolled Title IV-eligible students in connection with stimulus funds through the Coronavirus Aid, Relief, and Economic Security (CARES) Act signed by President Trump in late March.

 

The College is reaching out to over 1,600 eligible students about the CARES Act through Jefferson College’s MyJeffco email system this week. Those with questions can also contact the College’s Office of Student Financial Services via email at finaid@jeffco.edu.

 

“We’re here for our students, as many of them and their families face severe economic struggles,” said College President Dr. Raymond Cummiskey. “The CARES Act will provide them with assistance and resources during this prolonged pandemic. With half of the funding allocation for higher education going directly toward student aid, our students will receive the relief they urgently need.”

 

The law appropriates about $14 billion for higher education, with about $12.5 billion to be split for emergency grants to students and money for institutional needs in light of the coronavirus pandemic. According to the law, colleges must award at least half of their total allocation to students for expenses to address educational costs pertaining to the students’ transition to online learning, including things like course materials and technology as well as food, housing, health care, and childcare.

 

All Jefferson College currently enrolled students who are eligible in connection with federal Title IV standards will be considered for the emergency financial aid. Awards are estimated to range from $100-$900 per student. As per the U.S. Department of Education, international students and dual credit students are excluded from the disbursement.

 

Institutional funding allocations were set by a formula prescribed in the CARES Act that is weighted significantly by the number of full-time students who are Pell-eligible but also takes into consideration the total population of the college and the number of students not enrolled full-time online before the coronavirus outbreak. The Department used the most recent data available from the Integrated Postsecondary Education Data System (IPEDS) and Federal Student Aid (FSA) for the calculation.

 

In order to access the CARES Act funds, the U.S. Department of Education required a signed certification from each higher education institution affirming they would distribute the funds in accordance with applicable law. The college or university could then determine how the grant disbursement would be allocated within the guidelines set forth by the Department of Education.