CARES Act/HEERF I Reporting
Stevenson University acknowledges 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.
In accordance with being a CARES Emergency Grant Recipient, Stevenson University has continued to pay all of its employees and contractors during the period of any disruptions or closures to the greatest extent practicable. We are committed to supporting student success. In these unusual and unprecedented times, we recognize that students may face unexpected challenges in reaching their education goals and require short-term financial support to achieve success.
Stevenson University has received $1,249,872
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: $1,249,872
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.
Stevenson University identified students who meet the Title IV eligibility requirements for CARES: 2,256
The total number of students who have received an Emergency Financial Aid Grant to students under Section 18004(a) (1) of the CARES Act: 1,165
Stevenson University used an application request form to determine which students eligible to receive Emergency Financial Aid Grants. Students were to self-certify the areas in which they deemed they were impacted (i.e. technology, course materials, food, and housing). Stevenson University goal in distribution of funds to assist as many impacted students possible. Stevenson University decided on a maximum amount for each area of COVID-19 impact. Students could have received an amount of $150-$996.
Students received the following instructions, directions, or guidance provided by concerning the Emergency Financial Aid Grants:
https://www.stevenson.edu/about/campus-services/alert/emergency-information/documents/CARES-Act-Emergency-Assistance-Grant-Requests.pdf
Quarterly Reporting
|
Quarter
|
# of Students
|
Funding Awarded
|
8.25.2020 to 9-30-2020
|
920
|
$916,320
|
10.1.2020 to 12.31.2020
|
2
|
$1,596
|
01.01.2021 to 03.31.2021
|
4
|
$4,660
|
04.1.2021 to 06.30.2021
|
1
|
$996
|
View Quarterly Budget and Expenditure Report (9-30-20)
View Quarterly Budget and Expenditure Report (12-31-20)
View Quarterly Budget and Expenditure Report (3-31-21)
View Quarterly Budget and Expenditure Report (6-30-21)
Note from 4.27.2020 and 8.25.2020 a total of 566 students were awarded for a total of $326,300.
*Cares Act funding requires periodic reporting. The information reported above is as of 04.30.2021.