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Converse College CARES Act Emergency Grants.pdf

Jul272020836AMKellam_39623054_CARESACTCONSUMERINFORMATIONANDDISCLOSUREJuly272020-1.pdf
Preview of Converse College CARES Act Emergency Grants
🔗 Source: converse.edu
📊 Size: 170 KB
📄 Pages: 5 pages
⬇️ Downloads: 32

Summary

- Funding: Converse College received $663,442 in emergency grant funds from the CARES Act on May 20, 2020, with $663,442 awarded to students by July 27, 2020.
- Eligibility: Funds were given to students who were not exclusively online, eligible for Title IV aid, and had completed the FAFSA. As of July 5, 2020, 781 students received grants, with the remaining 37 not eligible.
- Grant Calculation: Grants were based on need, determined by Expected Family Contribution (EFC), residential status, and student type. Pell Grant-eligible students received $900, while others received $100-$700. Residential students also received an additional $300.
- Maximum Award: The maximum any student could receive was $6,195, the 2019-2020 maximum Federal Pell Grant.
- Fund Expenditure: All funds were expended by July 27, 2020.
- FAQs: The CARES Act Emergency Grant was for basic needs due to COVID-19 disruptions. Students did not need to report how they spent the funds, but those with balances due to the college could use the grant to pay it. Online students enrolled before March 13, 2020, were eligible.

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Description

Converse College received $663,442 in emergency grant funds from the CARES Act. The funds were administered immediately, with grant check processing beginning on May 22, 2020. As of July 27, 2020, $663,442 in CARES Act Emergency Grants were awarded to students.

Technical Information

  • File Format: PDF
  • File Size: 170 KB
  • Pages: 5
  • Language: EN
  • Total Downloads: 32
  • Last Updated: 1 week ago

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