< CARES Act Information
CARES Act Report, June 9, 2020 (revised 3/9/2022)
Note: The Deadline to Apply for CARES Act Aid was June 7, 2020.
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 estimates that 4,230 of its students are 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 June 4, 2020, 四色AV has awarded $1,405,500 (or 48.7% of the total) in CARES Act
Emergency Financial Aid Grants to 4,120 students.
四色AV is using 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 4,120 students, totaling $1,236,000.
2.听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 a statement describing their situation and
need. A committee reviewed the applications and awarded students 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 1,297 students submitted applications for additional
aid. After reviewing the first 661 applications, 四色AV disbursed $169,500 to 473 students
on June 2nd.
The funds remaining after aid is disbursed to the last group of students will be made
available to eligible students returning in the fall who had COVID-related expenses.
四色AV issued the following instructions, directions, and guidance to students concerning
the CARES Act Emergency Financial Aid Grants.
May 1, 2020 email
May 14, 2020 email
Main CARES Act Webpage
CARES Act Application Instructions
CARES Act FAQs
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