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ULM Covid 19 CARES Act Relief Aid

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CARES Act Relief Aid Information

CARES Act Report (2nd Quarter 2021)

How ULM is Providing Coronavirus Response and Relief Supplemental Appropriations (CRRSA) Act funds to Students

Unlike the CARES Act, the CRRSA Act section 314(a)(1) does not require that 50% of an institution’s funds be spent on student grants. No application was required due to the University having previously qualified to receive CARES Act funds. It does, however, require that institutions spend the same amount on student grants as they were required to spend under the CARES Act. The allowable uses of funds are more flexible than in the CARES Act, with institutions permitted to use their funds to defray expenses associated with COVID-19, including lost revenue, reimbursements for expenses already incurred, technology costs associated with the transition to distance education, faculty and staff training, and payroll. Institutions may also use their funds to carry out student support activities authorized by the Higher Education Act (HEA), or to provide emergency grants to students (including those enrolled exclusively in distance education). The grants may be used to cover any component of a student’s cost of attendance (COA), or for emergency costs that arise due to COVID-19, including tuition, food, housing, health care, and child care.

A total of $2,888,882 has been designated for distribution to students in the form of Emergency Financial Aid Grants under CRRSA Act.

ULM determined that 5173 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 314(a)(1) of the CARRSA Act. Based on the conditions established by the U.S. Department of Education the following groups of students are ineligible to receive CARRSA Act relief aid: (a) dual enrollment students and (b) students who are not U.S. citizens or eligible noncitizens.

(April 2021). ULM awarded additional CARRSA Act aid totaling $2,828,800.00 to current ULM students. Because funds were limited, aid was distributed only to eligible students with the greatest financial need based on current financial aid information. A total of 5173 students (1143 graduate & 4030 undergraduate) received aid of $150, $300, $750, or $1000. The distribution methodology appears below.

Undergraduate Student, Full-Time ($300, $750, or $1000)

· $1000: Pell Eligible (EFC = 0)

· $750: Pell Eligible (EFC > 0)

· $300: Not Pell Eligible

Undergraduate Student, Less than Full-Time ($750 or $150)

· $750: Pell Eligible (EFC = 0)

· $750: Pell Eligible (EFC > 0)

· $150: Not Pell Eligible

Graduate Student, Full-Time ($300)

Graduate Student, Less than Full-Time ($150.00)

As of May 4, 2021, ULM has awarded $2,828,800 (or 97.92% of the total) in CARRSA Act Emergency Financial Aid Grants to 5,173 students.

 
 

Previous CARES Act Reports

CARES Act Report, March 8, 2021

CARES Act Report, December 31, 2020

CARES Act Report, October 6, 2020

CARES Act Report, August 19, 2020

CARES Act Report, June 9, 2020

 

Information Communicated to Students:

May 1, 2020 email to students

May 14, 2020 email to students

Main CARES Act Webpage (May 2020)

CARES Act Application Instructions (May 2020)

CARES Act FAQs (May 2020)

CARES Act Relief Aid Information Update (Sept. 21, 2020)

 
  

Quarterly  Budget and Expenditure Report for CARES Act Section 18004(a)(1) Institutional Portion
June 30, 2021
 

Quarterly  Budget and Expenditure Report for CARES Act Section 18004(a)(1) Institutional Portion
March 31, 2021

Quarterly  Budget and Expenditure Report for CARES Act Section 18004(a)(1) Institutional Portion
December 31, 2020

Quarterly Budget and Expenditure Report for CARES Act Section 18004(a)(1) Institutional Portion
Sept. 30, 2020

 

 

 

 

 

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