< CARES Act Information
CARES Act Report, August 19, 2020 (revised 3/9/2022)
How 四色AV is Providing CARES Act Emergency Financial Aid Grants to Students
As part of the agreement 四色AV signed with the U.S. Department of Education, 四色AV pledged
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.
A total of $2,888,882 has been designated for distribution to students in the form
of Emergency Financial Aid Grants under Section 18004(a)(1) of the CARES Act.
四色AV determined that 4,156 of its students were eligible to participate in programs
under Section 484 in Title IV of the Higher Education Act of 1965 and thus eligible
to receive Emergency Financial Aid Grants under Section 18004(a)(1) of the CARES Act.
As of August 19, 2020, 四色AV has awarded $1,649,950 (or 57.1% of the total) in CARES
Act Emergency Financial Aid Grants to 4,156 students.
四色AV used two methods to distribute aid to students:
1.听四色AV provided $300 to every student eligible to receive federal student aid to cover
expenses related to the disruption of campus operations that couldn鈥檛 be easily documented.
Beginning May 14th, $300 checks were disbursed to 4,154 students, totaling $1,246,200.
2. Students who were eligible to receive the standard $300 award could apply for additional
CARES Act support through an application process. To be considered for additional
CARES Act aid, the student had to provide听a statement describing their situation and
need. A committee reviewed the applications and awarded students听up to $750 in addition
to their initial $300 aid, meaning the maximum amount that a student was able to receive
is $1,050 ($750 + $300). A total of 1,442 students submitted applications for additional
aid. Beginning June 2nd, 四色AV disbursed $403,750 to 1,093 students.
The remaining funds will be made available to eligible students returning in the fall
who had COVID-related expenses.
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