Coronavirus Aid, Relief and Economic Security (CARES) Act

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Coronavirus Aid, Relief and Economic Security (CARES) Act

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    CARES Act Higher Education Relief Fund

    成年人深夜福利在线观看 Tech University, in accordance to the United States Department of Education, awarded $4.35 million to 成年人深夜福利在线观看 Tech students impacted by COVID-19.

    成年人深夜福利在线观看 Tech is committed to best serving our students. Golden Eagles have proven to be bold, fearless, confident and kind throughout this unprecedented time. Keep your Wings Up!

    Additional detail on the CARES Act are provided below.

    Please direct all questions to Cares-Act@tntech.edu.

     

    • 禄 Eligibility Requirements for CARES Act

      鈥� Enrolled student at 成年人深夜福利在线观看 Tech as of March 13, 2020
      鈥� Student is United States citizen 
      鈥� Student is degree-seeking
      鈥� Student has valid 2019-2020 FAFSA on file at Tech
      鈥� Student is verified Title IV eligible
      鈥� Student not enrolled in a program offered 100% online
      鈥� Student not enrolled in all online courses

    • 禄 Purpose of CARES Act Funds

      鈥� The U.S. Department of Education requires funds be used to cover expenses related to the disruption of campus operations due to coronavirus. The guidelines state eligible expenses are those under the student鈥檚 cost of attendance, such as food, housing, course materials, technology, health care, and child care. CARES Act funds distributed to you must be used for these qualifying expenses.
      鈥� Loss of employment is not considered an education disruption.
      鈥� These funds will not offset any current balance on a student account.
      鈥� These funds cannot be used to pay tuition or any future expenses.
      鈥� CARES Act funds are a grant from the Federal Government. .

    • 禄 Details on Cares Act Funds to Tech Students (October Disbursement)

      Only students who were deemed eligible for CARES Act funds for the Spring term by July 1, 2020 at 成年人深夜福利在线观看 Tech AND that were enrolled at 成年人深夜福利在线观看 Tech as of Monday, October 19, 2020 are eligible for the second and final disbursement.

      Eligible students will be emailed (student account will be used) notifying them that funds will post to their account. This email was sent on October 21, 2020.

      Direct deposit will be used for students who are set up to allow 成年人深夜福利在线观看 Tech to pay in that manner. If direct deposit is not set up, students will receive a check by mail.  

      Total CARES Act funds disbursed in the October disbursement: $516,582.52. This will be the final disbursement of funds.

      The range of funds distributed to 5,164 eligible full-time undergraduate and graduate students is $83.00 to $121.00.

      The range of funds distributed to 300 eligible part-time undergraduate and graduate students is $41.25 to $83.00.

      CARES Act funds are not considered Federal financial aid (Title IV and HEA) and will not impact federal, state and institutional aid. This means that any CARES Act funds received will not affect your current financial aid eligibility in any way.

    • 禄 Details on CARES Act Funds to Tech Students (May Disbursement)

      Once a student was determined eligible, the type of student (undergraduate/graduate) and Federal Pell Grant eligibility was used to determine distribution amounts.

      Eligible students will be emailed (student account will be used) notifying them that funds will post to their account. This email was sent on May 5, 2020.

      Direct deposit will be used for students who are set up to allow 成年人深夜福利在线观看 Tech to pay in that manner. If direct deposit is not set up, students will receive a check by mail.  

      The range of funds distributed to 6,496 eligible full-time undergraduate and graduate students is $434 to $744.

      The range of funds distributed to 491 eligible part-time undergraduate and graduate students is $217 to $434.

      CARES Act funds are not considered Federal financial aid (Title IV and HEA) and will not impact federal, state and institutional aid. This means that any CARES Act funds received will not affect your current financial aid eligibility in any way.

    • 禄 Application for Additional CARES Act funds

      The CARES Act Application was suspended on August 14, 2020.

      As of October 30, 2020, all CARES Act funding totaling $4.35 million has been disbursed.

    • 禄 Title IV Federal Eligibility Requirements per U.S. Department of Education

      鈥� Be enrolled or accepted for enrollment in degree or certificate program
      鈥� Not be enrolled in elementary or secondary school
      鈥� For currently enrolled students, be making satisfactory academic progress
      鈥� Not owe an overpayment on Title IV grants or loans
      鈥� Not be in default on a Title IV loan
      鈥� File 鈥渁s part of the original financial aid application process鈥� a certification that includes:

      鈥� A statement of education purpose
      鈥� Student鈥檚 Social Security Number

      鈥� Be a U.S. citizen or national, permanent resident, or other eligible non-citizen
      鈥� Have returned fraudulently obtained Title IV funds if convicted of or pled guilty or no contest charges
      鈥� Not have fraudulently obtained Title IV loans in excess of annual or aggregate limits
      鈥� Have repaid Title IV loan amounts in excess of annual or aggregate limits if obtained inadvertently
      鈥� Have Selective Service registration verified
      鈥� Have Social Security Number verified
      鈥� Not have a federal or state conviction for drug possession or sale, with certain limitations.

    • 禄 Examples that deem a student ineligible for CARES Act

      鈥� Student does not have a valid 2019-2020 FAFSA on file
      鈥� Student is not Title IV eligible
      鈥� High school student
      鈥� Student is not United States citizen 
      鈥� Student is non-degree seeking
      鈥� Student withdrew prior to March 13, 2020
      鈥� Student enrolled in a program offered 100% online
      鈥� Student enrolled only in online courses
      鈥� Student is recorded at Tech as a Transient student type

    • 禄 Students with no verified FAFSA on file at Tech

      鈥� Student should confirm eligibility for both CARES Act and Title IV
      鈥� If student believes they are eligible, submit 2019-2020 FAFSA and it be verified by 成年人深夜福利在线观看 Tech鈥檚 Office of Financial Aid by end of June 2020
      鈥� Information on completing the FAFSA
      鈥� 成年人深夜福利在线观看 Tech is not able to confirm eligibility until the 2019-2020 FAFSA is submitted and verified

    • 禄 Department of Education Reporting Information for the Student Portion of the CARES Act Emergency Relief Fund

      Below are the U.S. Department of Education鈥檚 reporting guidelines for institutions that have received the student portion of their Higher Education Emergency Relief Fund (HEERF) allocation. 成年人深夜福利在线观看 Tech鈥檚 responses to these guidelines are noted below each bullet point.

      禄 An acknowledgement that the institution signed and returned the certification and agreement form and that the institution has used, or intends to use the funds to provide the mandated amount of at least 50% of the emergency financial aid grants to students.

      Click here to view the signed 成年人深夜福利在线观看 Tech Certification and Agreement form filed with the U.S. Department of Education on April 14, 2020.

      禄 The total amount of funds that the institution will receive, or has received under the HEERF student portion.

      On April 24, 2020, 成年人深夜福利在线观看 Tech received all of the designated funding under the HEERF student portion totaling $4,356,732.

      禄 Of those funds, the total amount that has been distributed to students as of the date of reporting (i.e. the first 30-day deadline, and then every 45 days thereafter until quarterly reporting began in October 2020).

      As of December 31, 2020, 成年人深夜福利在线观看 Tech has distributed a total of $4,356,732 to eligible students.

      Quarterly Budget and Expenditure Reporting
      CARES Act Section 18004(a)(1) Student Emergency Financial Aid
      TOTAL AWARD $4,356,732.00    
      Quarter Quarter Ending Number of Awards Number of Students Awarded* Amount of Awards
      1 6/30/20 7,011 7,011 3,738,445.00
      2 9/30/20 137 7 101,704.48
      3 12/31/20 5,465 1 516,582.52
      Grand Total   12,613 7,019 $4,356,732.00
      TOTAL FUNDS REMAINING     -
      *Students may have received awards in multiple quarters.  This number represents new students awarded per quarter.

      禄 The estimated total number of students at the institution eligible to participate in programs under Section 484 in Title IV of the Higher Education Act of 1965 and therefore eligible to receive an emergency financial aid grant.

      As of December 31, 2020, 7,019 成年人深夜福利在线观看 Tech students were eligible to receive emergency relief funds.

      禄 The total number of students who have received an emergency financial aid grant.

      As of December 31, 2020, 7,019 成年人深夜福利在线观看 Tech students received emergency relief funds.

      禄 How the institution determined which students did, or will receive emergency financial aid grants and how much funding they did, or will receive.

      成年人深夜福利在线观看 Tech followed the Title IV Federal Eligibility requirements per the U.S. Department of Education to determine student eligibility for emergency relief funds.  A list of these eligibility requirements is listed on the 成年人深夜福利在线观看 Tech Cares Act Information website under the subsection labeled 鈥淭itle IV Federal Eligibility Requirements per U.S. Department of Education鈥�.

      Once a student was determined eligible, the type of student (undergraduate/graduate) and Federal Pell Grant eligibility was used to determine distribution amounts.

      During Quarter 1, the range of funds distributed to 6,510 eligible full-time undergraduate and graduate students was $434 to $744.  The range of funds distributed to 500 eligible part-time undergraduate and graduate students was $217 to $434.

      During Quarter 2, after awarding the initial fixed rate grants to eligible students, 成年人深夜福利在线观看 Tech created an application process for the remaining funds. 131 students who met the original eligibility criteria applied for a reimbursement of COVID related expenses and were awarded up to a maximum amount of $1,500 per student. Additionally, there were 6 students who met the criteria for the initial disbursement during this quarter.  4 of these 6 students were full-time undergraduate and graduate students who received disbursements within the range of $434 to $744.  The remaining 2 of these 6 students were part-time undergraduate and graduate students who received disbursements within the range of $217 to $434.

      During Quarter 3, the range of funds distributed to 5,164 eligible full-time undergraduate and graduate students was $83 to $121.  The range of funds distributed to 300 eligible part-time undergraduate and graduate students was $41.25 to $83.

      禄 Any instructions, directions, or guidance provided by the institution to students concerning the emergency financial aid grants.

      All 成年人深夜福利在线观看 Tech students who received emergency relief funds were emailed information on amounts and timing of disbursements.   

      According to the U.S. Department of Education鈥檚 guidelines, 成年人深夜福利在线观看 Tech ensured the responses and data noted above were updated as of May 24, 2020 and every 45 days thereafter.  Since October 30, 2020, all information has been updated quarterly per the most recent guidelines.

    • 禄 Department of Education Reporting Information for the Institutional and SIP Portions of the CARES Act Emergency Relief Fund

      Below are the U.S. Department of Education鈥檚 reporting guidelines for institutions that have received the Institutional and SIP portions of their Higher Education Emergency Relief Fund (HEERF) allocation. 成年人深夜福利在线观看 Tech鈥檚 responses to these guidelines are noted below each bullet point and quarterly reports are linked below.

      Institutional Portion Reporting Parameters:

      禄 Name of entity receiving award
      成年人深夜福利在线观看 Technological University

      禄 The total amount of funds that the institution will receive or has received from the Department pursuant to the institution鈥檚 Certification and Agreement for Higher Education Emergency Relief Fund 鈥� Institutional Portion
      $4,356,731

      禄 Funding Agency
      U.S. Department of Education

      禄 CFDA number
      84.425F

      禄 Location and place of performance
      Putnam County, 成年人深夜福利在线观看

      禄 DUNS number
      878648153

      禄 Use of CARES Act Section 18004(a)(1) funds provided to the Institution
      Quarterly budget and expenditure reporting:

      Strengthening Institutions Program Reporting Parameters:

      禄 Name of entity receiving award
      成年人深夜福利在线观看 Technological University

      禄 The total amount of funds that the institution will receive or has received from the Department pursuant to the institution鈥檚 Certification and Agreement for Higher Education Emergency Relief Fund 鈥� Strengthening Institutions Program
      $431,151

      禄 Funding Agency
      U.S. Department of Education

      禄 CFDA number
      84.425M

      禄 Location and place of performance
      Putnam County, 成年人深夜福利在线观看

      禄 DUNS number
      878648153

      禄 Use of CARES Act Section 18004(a)(2) funds provided to the Institution
      Quarterly budget and expenditure reporting:

     

    Additional Resources:

    Email us questions:
    Cares-Act@tntech.edu