CARES Act Awarding Summary as of 6/16/2020
CARES Act – Emergency Financial Aid Grants to Students Required 30-day Report 6/16/2020
On March 27, 2020, the President of the United States signed the CARES Act (H.R. 748), which provides emergency relief funds to organizations and individuals affected by the coronavirus pandemic. The Higher Education Emergency Relief Fund (HEERF), found in Section 18004 of the CARES Act, provides funding to institutions of higher education “to prevent, prepare for, and respond to coronavirus.” The following information is provided by Niagara University as required by the Department of Education (“ED”) in order to comply with the reporting requirements under the CARES Act. This is NU’s first 30-day progress report and presents information as of June 16, 2020. Additional reports will be provided every 45 days.
- An acknowledgement that the institution signed and returned to the Department 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.
For Grant Award P425E202828 [CFDA 84.425E Niagara University (OPEID #00278800) - Emergency Grants to Students], the Grant Award Notification is dated April 25, 2020 (signed by Assistant Secretary Robert L King) with an assigned budget/performance period of 12-months from April 25, 2020 through April 24, 2021. The Certification page was required with the proposal submission; it was signed by Bob Morreale on April 17, 2020 and the package was submitted through Grants.gov to the US Department of Education on April 21, 2020. In keeping with the terms of the certification, NU will use no less than 50% of the funds received, as stated under 18004(c) of the CARES Act, to provide Emergency Financial Aid Grants directly to students.
- The total amount of funds that the institution will receive or has received from the Department pursuant to the institution’s Certification and Agreement [for] Emergency Financial Aid Grants to Students.
Niagara University has received a total of $2,711,396 under Section 18004(a)(1) of the CARES Act, of which $1,355,698 is to be provided directly to students impacted by campus disruption due to the Covid-19 crisis.
- The total amount of Emergency Financial Aid Grants distributed to students under Section 18004(a)(1) of the CARES Act as of the date of submission (i.e., as of the 30-day Report and every 45 days thereafter).
On May 1, 2020, NU began accepting applications from students for Emergency Financial Aid Grants. As of June 16, 2020, all $1,355,698 has been awarded to students.
- The estimated total number of students at the institution 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.
Niagara University estimates approximately 2415 students are eligible to participate 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.
- The total number of students who have received an Emergency Financial Aid Grant to students under Section 18004(a)(1) of the CARES Act.
As of 6/16/2020, the total number of students who have received an Emergency Financial Aid Grant to students under Section 18004(a)(1) of the CARES Act is 873.
- The method(s) used by the institution to determine which students receive Emergency Financial Aid Grants and how much they would receive under Section 18004(a)(1) of the CARES Act.
Niagara University decided to have students who were enrolled in Spring 2020 apply for the CARES Act funding. This application was available within the students MyNU portal. To receive an Emergency Financial Aid Grant, students must apply through the School’s CARES Act Application and be eligible for Title IV aid (have a FAFSA on file). The application captures the amount of the request and the eligible expense for which the funds are requested. A committee will review and determine the applicant’s eligibility for funding. Student applications will be evaluated and awarded on a first come basis and based on a funding cap of $2000/student. In order to assist with the awarding, amounts will be based upon enrollment status and a student’s Estimated Financial Contribution (EFC) on the FAFSA. On April 21, 2020 ED stated that student could self-certify that they were Title IV eligible. NU implemented this option for students who had applied but had not completed a 2019-20 FAFSA on 6/1/2020.
- Any instructions, directions, or guidance provided by the institution to students concerning the Emergency Financial Aid Grants.
Emails were sent to all Spring 2020 registered students on May 1, 2020 directing them to their MyNU portal to apply for the Emergency Financial Aid Grant funds. An email to only students who had completed a 2019-20 FAFSA was sent on May 14, 2020 to encourage them to apply for the second round of selections.