CARES ACT

CARES ACT: HIGHER EDUCATION EMERGENCY RELIEF FUND – STUDENT AID

 

OVERVIEW

On March 26, 2020, Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act to provide immediate relief to Americans impacted by COVID-19. As part of this legislation, institutions of higher education have been granted funding to provide students with emergency financial aid grants to help cover expenses related to the disruption of campus operations due to coronavirus.

$1,167,415 has been allocated to Canisius College for student emergency relief through the CARES Act. Canisius has signed and returned the Certification and Agreement form necessary to access the funds, and intends to use 100% of these funds to provide emergency grants to students, within one year of the application date. Funds may only be provided for student expenses related to the disruption of campus operations due to the coronavirus. Recipients must be chosen from among the approximately 2,270 Canisius students who are fully eligible for federal financial aid (registered students with a valid 19-20 FAFSA).

PROCESS

Phase 1. Canisius is awarding the CARES Act emergency relief via an application process.  The application can be completed by any current Canisius student meeting the eligibility requirements. This application process allows the review team to determine if emergency relief may be awarded from the CARES Act funds or the Canisius College Emergency Relief Fund.  All payments will be paid directly to students and will not pay toward any balance they may currently owe in their student account. All students are encouraged to log in to their myCanisius and either set up direct deposit or update their mailing address.

Phase 2. Canisius is awarding $500 CARES Act emergency relief funds to spring 2020 Pell recipients.  All payments will be paid directly to students and will not pay toward any balance they may currently owe in their student account. All students are encouraged to log in to their myCanisius and either set up direct deposit or update their mailing address.

 

As of May 22, 2020, Canisius has distributed $380,569 to 292 students.

As of May 29, 2020, Canisius has distributed $463,092 to 354 students.

As of June 5, 2020, Canisius has distributed $651,043 to 495 students.

As of June 12, 2020, Canisius has distributed $722,343 to 550 students.

As of July 7, 2020, Canisius has distributed $859,740 to 673 students.

As of August 7, 2020, Canisius has distributed $1,167,415 to 1289 students.