CARES ACT Higher Education Emergency Relief Fund

Last Updated: 5/29/2020

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Overview

The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law on March 27, 2020. We have been tasked by the U.S. Department of Education with disbursing emergency funds to our students to help with expenses related to the disruption of campus operations due to the coronavirus outbreak.

On April 10, 2020, CSM was awarded $1.2 million in Higher Education Emergency Relief Fund – Student Aid funds under section 18004(a)1 of the CARES Act. CSM intends to use these funds to provide Emergency Financial Aid Grants to students.

As of May 29, 2020, CSM has distributed $1,124,885 in Emergency Financial Aid Grants to students.

CSM estimates a total of 3,796 students are potentially eligible to participate in the program.  2,061 students are eligible based on a verified FAFSA on file, enrollment in a Title IV eligible program, and compliance with other requirements set forth by the Department of Education.  An additional 1,735 students have been identified as potentially eligible to complete a FAFSA and would need to satisfy other funding requirements.

As of May 29, 2020, CSM has awarded Emergency Financial Aid Grants to 2,042 students.

In an effort to provide the maximum support possible based on available funds, CSM will award students based on the total number of credits students are taking in the Spring 2020 semester:

  • Full-time students (12 or more credits): $655
  • Part-time students (6-11 credits):  $480
  • Part-time students (1-5 credits):  $305

Funds will automatically be disbursed to students who have a FAFSA on file, are enrolled in a Title IV eligible program of study, and satisfy all other eligibility requirements of the Higher Education Emergency Relief Fund.

Students who do not have a 2019-2020 FAFSA on file at the time of the initial eligibility determination have been information on how to submit a FAFSA and will be considered for future disbursements.

Students were encouraged to sign up for direct deposit which allows for the funds to be quickly received. Students who do not opt for direct deposit will have checks mailed to their address on file with CSM.

CSM is committed to providing CARES Act funding to students as quickly as possible. We anticipate sending the first funds to eligible students by the end of May, as we await further guidance from the Department of Education.

If you have any questions regarding eligibility for Title IV funds, please contact the Financial Assistance Department at 301-934-7531 or finaid@csmd.edu.