CARES Emergency Financial Aid Grants Reporting | St. Lawrence University Financial Aid

CARES Emergency Financial Aid Grants Reporting

On March 27, 2020, the President of the United States signed the CARES Act (H.R. 748), which provides emergency relief funds to organizations and individuals affected by the Coronavirus pandemic. The Higher Education Emergency Relief Fund (HEERF), found in Section 18004 of the CARES Act, provides funding to institutions of higher education “to prevent, prepare for, and respond to Coronavirus.” This report provides details on the first award that St. Lawrence University received under the HEERF, the funds for Emergency Financial Aid Grants to students under Award No. P425E203188.

CERTIFICATION

St. Lawrence University signed and returned to the Department of Education the Certification and Agreement on April 20, 2020. St. Lawrence University will use 50% of the funds received under Section 18004(a)(1) of the CARES Act to provide Emergency Financial Aid Grants to students.

AWARD

St. Lawrence University will receive a total of $1,808,349 under Section 18004(a)(1) of the HEERF. The University will distribute $904,175 directly to students impacted by campus disruptions due to the Coronavirus. These funds are received from the Department of Education and are being distributed pursuant to our Certification and Agreement for Emergency Financial Aid Grants to Students.

STUDENT ELIGIBILITY

St. Lawrence University has estimated that 1,268 students are eligible to participate in programs under Section 484 in Title IV of the Higher Education Act of 1965 and, therefore, are eligible to receive Emergency Financial Aid Grants to students under Section 18004(a)(1) of the CARES Act. As of 05/20/20, St. Lawrence University has awarded Emergency Financial Aid Grants to 128 students under Section 18004(a)(1) of the CARES Act.

METHOD USED TO DETERMINE STUDENTS’ ELIGIBILITY

St. Lawrence University is prioritizing students with greatest need by using the FAFSA Expected Family Contribution (EFC).

CARES Act awards are first available to students receiving Pell Grants and to students with the next highest need levels.  The initial EFC range used is 0-9999.  The web-based SLU CARES Act application form, completed by the student, is used to determine the individual requests using approved expense categories. Funding eligibility per individual may be up to $6,000.   Priority for the initial high need group will continue through June 1, with remaining available funding to be awarded to the next level EFC group. 

FUNDS DISTRIBUTED

As of 05/20/20, St. Lawrence University has awarded $117,851 in Emergency Financial Aid Grants under Section 18004(a)(1) of the CARES Act.

INSTRUCTIONS/DIRECTIONS GIVEN TO STUDENTS

Instructions, directions, guidance and the application provided to students regarding the Emergency Financial Aid Grants can be found here.