Higher Education Emergency Relief Fund Report – CARES Act Emergency Aid Grants to Students
In compliance with reporting requirements prescribed for above referenced grants, the following information is posted on Valparaiso University’s primary website:
- Valparaiso University signed and returned to the Department of Education, the Certification and Agreement to receive funding under Section 18004(a)(1) of the Coronavirus Aid, Relief, and Economic Security Act (“CARES ACT”). No less than 50% of the funds received under this code section will be used to provide Emergency Financial Aid Grants to students.
- The University received $1,553,680 pursuant to the institution’s Certification and Agreement for Emergency Financial Aid Grants to students.
- At May 13, 2020 the total amount of Emergency Financial Aid Grants distributed to students under Section 18004(a)(1) was $1,400,580.
- Approximately 2,975 Valparaiso University students are eligible to participate in programs under Section 484 in Title IV of the Higher Education Act of 1965 and are thus eligible to receive Emergency Financial Aid Grants to students under Section 18004(a)(1) of the CARES Act.
- 2,868 students have received an Emergency Financial Aid Grant under Section 18004(a)(1) of the CARES Act.
- Valparaiso University made awards to Title IV eligible students who were registered on March 16, 2020. The grants were awarded based on three primary factors including financial need as determined by the FAFSA, full- or part-time status, and undergraduate/graduate status. The amounts awarded ranged from $200 to $900 based on these criteria. The grants were transferred via direct deposit to a student’s bank account or via check where banking information was not available.
- Students were apprised of the University’s plans to distribute the Emergency Financial Aid Grants via email and the University’s COVID information web-site. Students were not required to apply for these grants unless they had not filed a FAFSA, in which case an institutional application form whereby students attested to their Title IV funding eligibility was required.