CARES Act Fund Report
CARES Act Fund Report
Last updated June 5, 2020.
Section 18004(e) of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, directs institutions receiving funds to submit a report to the Secretary describing the use of funds distributed from the Higher Education Emergency Relief Fund (“HEERF”). An initial report must be submitted to the Secretary thirty (30) days from the date of the institution’s Certification and Agreement to the Department. The fund report must also be posted on the institution's website in a location that is easily accessible to the public 30 days after the date when the institution received its allocation under 18004(a)(1) and updated every 45 days thereafter.
Minnesota State Community and Technical College (M State) returned to the Department of Education the Certification and Agreement and the assurance that the institution has used, or intends 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. The following validation was received from Grants.gov:
AOR name: Pat A. Nordick
Application Name: Minnesota State Community and Technical College
Opportunity Number: ED-GRANTS-041020-003
Opportunity Name: Higher Education Emergency Relief Fund – IHEs
M State received $1,416,310 from the Department of Education pursuant to Minnesota State Community and Technical College’s Certification and Agreement to provide Emergency Financial Aid Grants to Students.
As of May 21, 2020, M State has awarded and disbursed $1,163,306.75 to students under Section 18004(a)(1) of the CARES Act to 920 students.
M State estimates that 2,363 students at the institution 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 to students under Section 18004(a)(1) of the CARES Act.
M State identified eligible students by school records from the 2019-2020 Free Application for Federal Student Aid (FAFSA) to determine which students were eligible based on Section 484 in Title IV of the Higher Education Act of 1965. Internal records were used to determine the following:
- The student was enrolled in a Title IV eligible program of study (non-concurrent, Non-PSEO).
- The student was enrolled at M State on Spring 2020 courses on or after March 27, 2020.
- The student is not already attending online-only, is not an international student, nor is an M State employee taking courses.
All eligible M State students received a CARES Act Grant of $331. Eligible M State students who have filed their 2019-2020 FAFSA and have an Expected Family Contribution (EFC) level of less than $5,576 will receive an additional amount of $327.75 for a total disbursement of $658.75.
All eligible students were notified of the grant distribution via email, with reference made to FAQs on the subject on the college’s Coronavirus Updates page.