The Coronavirus Aid, Relief and Economic Security (CARES) Act was passed on March 27, 2020, to address unmet financial and health needs arising from the COVID-19 pandemic. Among its provisions, the Higher Education Emergency Relief Fund (HEERF) awarded funds to institutions of higher education to address costs and financial needs arising from the disruption of campus operations due to coronavirus. Each institution must use no less than 50 percent of funds received under Sections 18004(a)(1) and 18004(c) of the CARES Act to provide direct, emergency financial aid grants to students.

Rose-Hulman Institute of Technology (RHIT) completed and returned the Certification and Agreement Form for the CARES Act funding for student emergency grant relief on April 22, 2020. RHIT acknowledges and certifies that no less than 50 percent of the funds received under Section 18004(a)(1) of the CARES Act will be used to provide emergency financial aid grants to students.

RHIT’s CARES Act allocation for student emergency financial aid grants totaled $595,754.  

The total amount of Emergency Financial Aid Grants distributed to students under Section 18004(a)(1) of the CARES Act as of 5/27/20 is $595,754.

  1. The estimated total number of students at Rose-Hulman 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 to students under Section 18004(a)(1) of the CARES Act is 1,616.
  2. The total number of Rose-Hulman students who have received an Emergency Financial Aid Grant to students under Section 18004(a)(1) of the CARES Act is 1,075 students.
  3. The following method was used by Rose-Hulman to determine which students would receive Emergency Financial Aid Grants and how much they would receive under Section 18004(a)(1) of the CARES Act. Only students who filed a FAFSA for the 2019-20 academic year and demonstrated financial need (defined as Estimated Family Contribution less than Rose-Hulman’s cost of attendance) received an Emergency Financial Aid Grant. All such students received $400 grants. Students who lost board scholarships were provided an additional $1,600. Students with the lowest Estimated Family Contribution who did not receive the $1,600 amount indicated above instead were provided an additional $200.

All students who received a grant received the communication below by email on May 6, 2020.

Beginning May 15th, Rose-Hulman will be disbursing financial grants to students from the Higher Education Emergency Relief Fund. As a result, you will be receiving a check in the amount of $xxxx. This grant is intended to help you offset costs incurred due to disruption of campus operations due to the coronavirus.

You meet the eligibility guideline for this emergency grant because you filed a Free Application for Federal Student Aid (FAFSA) and demonstrated financial need based on federal methodology. The total amount of emergency grant funding allocated to Rose-Hulman was determined by a funding formula based on the percentage of Full-Time Enrolled (FTE) students who are Pell Grant and non-Pell Grant recipients. Your emergency financial grant was determined by dividing the total Rose-Hulman allocation in even disbursements across the number of eligible recipients.

The quickest way for you to receive these funds is by direct deposit. If you have a direct deposit account established, your emergency relief grant will be deposited into that account. If you do not have a direct deposit account, we ask that you consider setting up a direct deposit account by this Friday, May 8th. The instructions can be found on the Student Financial Services area site on My Rose-Hulman. https://rosehulman.sharepoint.com/sites/sfs/SitePages/Home.aspx

If you have questions about this grant, please contact the Office of Student Financial Services at:

 Inside Indiana: 812-877-8296

 Outside Indiana: 1-800-248-7448 Ext. 8296

 

Students who received an additional $200 grant, as described above, received the follow-up email notification below on May 26, 2020.

Earlier this month you received a financial grant from the Higher Education Emergency Relief Fund in the amount of $400. After additional review and based on your demonstrated financial need, we have determined that you will receive a final disbursement of $200. This grant is intended to help you offset costs incurred due to disruption of campus operations due to the coronavirus. You meet the eligibility guideline for this emergency grant because you filed a Free Application for Federal Student Aid (FAFSA) and demonstrated financial need based on federal methodology. The total amount of emergency grant funding allocated to Rose-Hulman was determined by a funding formula based on the percentage of Full-Time Enrolled (FTE) students who are Pell Grant and non-Pell Grant recipients. Your emergency financial grant was determined by dividing the total Rose-Hulman allocation in even disbursements across the number of eligible recipients.

The quickest way for you to receive these funds is by direct deposit. If you have a direct deposit account established, your emergency relief grant will be deposited into that account. If you do not have a direct deposit account, we ask that you consider setting up a direct deposit account by this tomorrow, Wednesday, May 27th. The instructions can be found on the Student Financial Services area site on My Rose-Hulman. https://rosehulman.sharepoint.com/sites/sfs/SitePages/Home.aspx

If you have questions about this grant, please contact the Office of Student Financial Services at:

 Inside Indiana: 812-877-8296

 Outside Indiana: 1-800-248-7448 Ext. 8296

8/17/2020 Update:

Rose-Hulman Institute of Technology’s student allocation of Cares Act money was fully disbursed by May 26th. There are no other updates on the Cares Act at this time.

7/2/2020 Update:

Rose-Hulman Institute of Technology’s student allocation of Cares Act money was fully disbursed by May 26th. There are no other updates on the Cares Act at this time.

 

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