CARES Act Reporting
Coronavirus Aid, Relief, and Economic Security (CARES) Act
Cedarville University CARES Act Reporting
Section 18004(e) of the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act” or the “Act”), Pub. L. No. 116-136, 134 Stat. 281 (March 27, 2020), directs institutions receiving funds under Section 18004 of the Act to submit (in a time and manner required by the Secretary) a report to the Secretary describing the use of funds distributed from the Higher Education Emergency Relief Fund (“HEERF”). Section 18004(c) of the CARES Act requires institutions to use no less than 50 percent of the funds received from Section 18004(a)(1) of the CARES Act to provide Emergency Financial Aid Grants to students for expenses related to the disruption of campus operations due to coronavirus (including eligible expenses under a student’s cost of attendance such as food, housing, course materials, technology, health care, and child care). The Certification and Agreement directs each institution applying for HEERF funds to comply with Section 18004(e) of the CARES Act and submit an initial report (the “30-day Fund Report”) to the Secretary thirty (30) days from the date of the institution’s Certification and Agreement to the Department.
- Cedarville University signed and returned to the Department the Certification and Agreement and the assurance that the institution has used, or intends to use, no less than 50 percent of the funds received under Section 18004(a)(1) of the CARES Act to provide Emergency Financial Aid Grants to students.
- Cedarville University has received $1,147,162 from the Department for Emergency Financial Aid Grants to students.
- As of May 27, Cedarville University has disbursed $1,130,800 to students.
- Cedarville University estimates that approximately 2,900 students are/will be eligible to receive the Emergency Financial Aid Grant and each student receives approximately $400.
- As of May 27, 2,827 students have received an Emergency Financial Aid Grant.
- Cedarville University carefully reviewed to ensure students meet the eligibility requirements as set forth by the CARES Act, the US Department of Education, and Section 484. For initial awarding, those who:
- successfully completed the FAFSA
- met all requirements set forth in Section 484
- completed verification
- were enrolled at least 12 hours at the end of the spring 2020 term
- were enrolled in a residential program (undergraduate and graduate) were deemed eligible to receive the Emergency Financial Grant funding
- An email was sent to all recipients informing them of this award, how eligibility was determined, and instructions on what they must do if they choose to accept or reject the grant. Additionally, instructions were provided on how the funds would be made payable to the students account.