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CARES Funding

CARES Funding

CHESTNUT HILL COLLEGE DISTRIBUTES $787,326 IN SECOND ROUND OF FUNDING TO SUPPORT STUDENTS WITH DEMONSTRATED FINANCIAL NEED AFFECTED BY COVID-19

On January 14, 2021, Acting Assistant Secretary for Postsecondary Education Christopher J. McCaghren announced a second round of funding to colleges and universities to be used as direct emergency grants to college students whose lives and educations have been disrupted by the coronavirus outbreak. The funding was made available through the Higher Education Emergency Relief Fund authorized by the Coronavirus Response and Relief Supplemental Appropriation Act (CRRSAA) that was signed into law on December 27, 2020. Using a formula based on student enrollment, Chestnut Hill College was awarded $787,326 to support students with demonstrated need facing significant financial challenges due to the ongoing COVID-19 pandemic. The disbursements were designed to prioritize students with the greatest demonstrated need and ensure that funds are distributed as widely as possible. 

The funds were used by Chestnut Hill College to provide students with financial aid grants to be used for any component of the student’s cost of attendance or for emergency costs that arise due to coronavirus, such as tuition, food, housing, health care (including mental health care) or child care. Students were allowed to apply the funds directly to their student accounts to cover the cost of attendance or receive the funds in the form of a payment directly from the College.

In alignment with Department of Education recommendations, Chestnut Hill College distributed the second round of funds to federal aid applicants with the greatest identified need, i.e. those with an expected family contribution of $15,000 or less. More than 900 Chestnut Hill College students—split among undergraduates, graduate and professional students—received funds under this program. Each eligible student received approximately $865.

 

Chestnut Hill College distributes $787,326 in CARES Act funding to support more than 980 students affected by COVID-19

On April 9, 2020, U.S. Secretary of Education Betsy DeVos announced funding for colleges and universities to provide direct emergency cash grants to students whose lives and educations had been disrupted by the coronavirus outbreak. The funding was made available through the Higher Education Emergency Relief Fund authorized by the Coronavirus Aid, Relief, and Economic Security (CARES) Act that was signed into law on March 27, 2020.

Using a formula based on student enrollment, Chestnut Hill College was awarded approximately $1,575,000 of which 50% ($787,326) was designated for use to support students who demonstrated need and faced significant financial challenges due to the COVID-19 pandemic. The disbursements were designed to prioritize students with the greatest demonstrated need and to ensure funds were distributed as widely as possible.

On April 10, 2020, Chestnut Hill College signed and returned to the U.S. Department of Education the required Certification and Agreement providing assurance that the College intended to use no less than 50% of the funds received under Section 18004(a)(1) of the CARES Act to provide Emergency Financial Aid Grants to students. In turn, the Department of Education made funding for student support payments available to the College. According to Department of Education guidelines, only those students eligible to receive Title IV funding were eligible to receive student support payments.

As of March 27, 2020, Chestnut Hill College enrolled approximately 1,280 students that were eligible to participate in programs under Section 484 of Title IV of the Higher Education Act of 1965 and thus eligible to receive Emergency Financial Aid Grants under Section 18004(a)(1) of the CARES Act. In alignment with Department of Education recommendations, Chestnut Hill College distributed the CARES Act funds to federal aid applicants with the greatest identified need, i.e. those with an expected family contribution (EFC) of $15,000 or less. Approximately 980 Chestnut Hill College students—split among undergraduates, graduate and professional students—received the funds. Each eligible student received approximately $800. The College disbursed funds to qualifying students on May 22, 2020. Checks were mailed to students’ home addresses as maintained in the College database.

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