CARES Act funding now available for CTC students

Joanna Estrada
May 23, 2020

It's meant to offset the financial effects of the COVID-19 pandemic.

The group also cited its January 2019 report on veteran student loan debt, which found that a higher proportion of undergraduate veterans at for-profit schools had federal student loan debt compared to other institutional sectors.

The CARES Act provides $14 billion for colleges and universities, and nearly half of that money must be given directly to students to help them deal with expenses stemming from the pandemic. This federal legislation provides financial support to students who qualify. In a press release, the district said it hoped to make up for about 25 percent of those losses with CARES Act funding. As of May 20, 2020, although no awards have been issued to date, more than 1,350 undergraduate and graduate students have applied for and been determined eligible to receive an award.

The $1,000 and $750 grant totals were sent by direct deposit to students' accounts or they were sent a check. Bennett said the federal language is clear, the money is for the students not the university.

Dixon said the amount of money WSU received was dependent on various factors, such as the number of full-time PELL Grant students.

In order to receive CARES Act funding from the university, students had to complete a self-certification survey which they received via text or email, he said.

Louisiana Tech will also be able to offer CARES Act grants of at least $200 each to qualified students who enroll in summer courses; those will be disbursed beginning the week of June 8 after enrollment in the Summer Quarter has been verified. The university has not yet received the money designated for school reimbursements and expenses, Guzman said.

The $1.3 million is the second-smallest allotment in Florida's State University System, reflecting the student population of the state's newest university. The University of Central Florida received the highest total, $51 million, and the University of South Florida was awarded $34.8 million. More than 4,500 CTC students worldwide may be eligible for funding. This funding is created to help students experiencing unexpected financial issues based on a documented need. "BYU will have to weigh and evaluate all requests individually and in total before determining final amounts", an FAQ document about BYU's financial assistance said.

Other reports by Click Lancashire

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