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CARES Act Funding & Compliance

Coronavirus Aid, Relief, and Economic Security (CARES) Act

On March 27, 2020, Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which provided emergency aid funds to institutions of higher education.  Agnes Scott College was allotted $574,115 in emergency aid to be distributed directly to students who meet the Department of Education eligibility guidelines (students eligible for federal financial aid). These emergency funds are designed to assist students in covering living expenses related to the disruption of campus operations due to COVID-19.  The college will be allocating the funds to students using a tiered model, based upon demonstrated financial need from the student’s Free Application for Federal Student Aid (FAFSA) on file. Please note, the funds may be considered taxable income.

As a community that values equity and inclusion, we recognize that although this government funding will assist many of our students who are experiencing financial hardship, it also excludes some of our most financially vulnerable students who may not have filed the FAFSA. Consequently, Agnes Scott College is pursuing alternative funding sources for students who may not meet the eligibility requirement for these federal funds.  We encourage these students with a financial need to seek assistance and support through our Student Emergency Fund by sending an email to scottiecare@agnesscott.edu. 

The emergency aid funds will be distributed to students beginning May 9, 2020, and should be available in bank accounts on May 11 and 12, 2020. Students who qualify for this aid based on federal guidelines will receive their funds via ACH deposit (direct deposit).  If you have any questions, please send them to the Agnes Scott Coronavirus Task Force at cvtaskforce@agnesscott.edu.

Higher Education Emergency Relief Funds (HEERF) Reporting

  An acknowledgment 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.

⮚  Agnes Scott College has signed and returned the Certification and Agreement to the Department of Education ensuring compliance with Section 18004(a)(1) of the CARES Act and has allocated no less than 50 percent of CARES funding as student emergency grant relief.

❖  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.

⮚  Agnes Scott College received $5574,115 in Emergency Financial Aid Grants to Students.

❖  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).

⮚  As of May 18, 2020, Agnes Scott College has distributed or is in the process of distributing the full 50 percent allotment of $574,115 in emergency financial grants to students.

❖  The estimated total number of students at the institution eligible to participate in programs under Section 484 of 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 Agnes Scott students eligible (who are title IV eligible and have completed a FAFSA) to receive emergency financial grants is 795.

❖  The total number of students who have received an Emergency Financial Aid Grant to students under Section 18004(a)(1) of the CARES Act.

⮚  Total number of Agnes Scott students who have received or will receive emergency financial grant total 795.

❖  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.

⮚  Agnes Scott College allocated funds to our undergraduate population by developing a tier system taking into consideration Pell eligibility and EFC (Expected Family Contribution).  The eligible students with the most need received the largest award.

❖  Any instructions, directions, or guidance provided by the institution to students concerning the Emergency Financial Aid Grants.

⮚ Agnes Scott College provided guidance to students about its receipt of funds and allocation process.  The explanatory guidance was communicated to the campus community through the daily electronics announcements publication, The Irvine, on May 5, 2020.