Higher Education Emergency Relief Fund
Emergency Financial Aid Grants to Students
NOTICE and APPLICATION
May 7, 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 fund to provide Student Emergency Financial Aid Grants (SEFAG) to students for expenses related to the disruption of campus operations due to coronavirus. Eligible expenses include those related to the Cost of Attendance, 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 laws including non-discrimination laws. The U.S. Secretary of Education has recommended that the maximum Federal Pell Grant for the applicable award year as an appropriate maximum amount in most cases. The Secretary asks 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 will distribute these funds to students who are eligible to participate in Title IV Student Financial Aid programs as documented by a Free Application for Federal Student Aid (FAFSA) filed with the College.
In order to participate in the allocation process, eligible students must sign and return to the College the attached Certification Statement. In appropriate cases, such as for those seeking reimbursement for allowable expenses, paid receipts or other evidence of expense should be submitted in support. A brief description of the expense may also be provided to support the request.
Although these funds are not considered to be Financial Aid, and therefore are not included in the Cost of Attendance calculation, requests for funding will be considered based on the student’s Expected Financial Contribution (EFC) as determined by the USDOE in the Needs Analysis Process, beginning from lowest to highest EFC.
The College will fund allowable and supported expenses until its allocation is exhausted. If the funds are not exhausted, they will be distributed in subsequent rounds until the fund is depleted. In accordance with governmental regulations, funds should be spent within one year. To assure the widest distribution of available funds, the College establishes a maximum award of $1,000 and a minimum award of $50 in any round. Current students may request additional funding in a subsequent round, subject to continued eligibility and availability of funding.
To receive priority review, complete applications for funding should be received by Friday, May 15th. Complete Applications will be processed beginning Monday, May 18th, with award notifications being sent thereafter. Under current guidelines, only those individuals who were students at the College during the Spring 2020 are eligible to participate in this program.
Additional questions may be submitted to FtcCares@ftc.edu.