Higher Education Emergency Relief Fund
Emergency Financial Aid Grants to Students
NOTICE and APPLICATION
October 27, 2020
Section 18004(e) of the Coronavirus Aid, Relief, and Economic Security Act (CARES) directs institutions of higher education receiving funds under the Act to use no less than 50 percent of the funds to provide Student Emergency Financial Aid Grants (SEFAG) to students for expenses related o the disruption of campus operations due to coronavirus. Eligible expenses include those related to the Cost of Education, such as for food, housing, course materials, technology, healthcare, and childcare.
Institutions of higher education are vested with discretion to determine the amount of each individual SEFAG consistent with all applicable law, including non-discrimination laws. The U.S. Secretary of Education has recommended the maximum Federal Pell Grant for the applicable award year as an appropriate maximum in most cases. The Secretary has asked that institutions be mindful of each student’s particular socioeconomic circumstances in the staging and administration of these grants.
In furtherance of its responsibilities under the CARES Act, Five Towns College has been distributing these funds to students through the first three rounds, who are eligible to participate in Title IV Student Financial Aid programs, as documented by the Free Application for Federal Student Aid (FAFSA) filed with the College. In addition, the College has supplemented these funds with institutional resources so that Five Towns College students who are part of the DREAM Act may receive funding as well.
To assure the widest distribution of CARES Act funding as possible, the College has established an individual maximum of $1,000 per student, except in the most compelling circumstances. To date the College has distributed approximately $203,000 in direct grants to students and DREAMERS.
The College now announces that ROUND 4 will open on November 1 and remain open until November 22nd. In this round, the College will distribute direct grants to eligible students in the amount of $1,000 each. To be eligible for Round 4 a current student must:
- Be an eligible recipient as defined by applicable law and regulation;
- File a Round 4 Application with the College before November 22, 2020; and
- Not have received funding of any amount in any prior round.
Awards will be issued on a rolling basis until the Round is closed. Successful applicants should expect to receive a check from the College by November 30, 2020. The College expects to award approximately $200,000 to eligible students during this Round 4.
Additional questions may be submitted to FTCCARES@ftc.edu