Federal CARES Act Emergency Funding

CARES Act Emergency Funding to Students

The federal government passed legislation (CARES Act) to enable colleges and universities to support students who have experienced financial disruption caused by the global pandemic. In order to distribute these funds to students who have experienced the greatest financial impact, Loras College has established a process for eligible students to apply for funds. Please note that the federal government has determined both the amount of funds Loras College will receive and student eligibility for funds. According to federal guidelines, only students who are eligible to complete a FAFSA may receive these stimulus funds.

 

Eligible students may complete the application by following the link below. The application process will be open through May 15th. Awards will range from $100 to $1,000 and we anticipate that there will be greater need than we have funds to cover. We will strive to assist the largest number of students possible. All applications will be reviewed beginning May 16th and funds will be awarded by June 30th.

 

If you have any questions regarding this process, please contact Mary Ellen Carroll, Ph.D., Senior Vice President at MaryEllen.Carroll@loras.edu.

 

Loras CARES Act Application

Higher Education Emergency Relief Fund (HEERF) Reporting

It is required under Section 18004(e) of the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act” or the “Act”)), Pub. L. No. 116-136, 134 Stat. 281 (March 27, 2020), that institutions receiving funds under Section 18004 of the Act must make public the use of funds distributed from the Higher Education Emergency Relief Fund (“HEERF”). In compliance, the following information is being made public:

  • Loras College 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.
  • The total amount of funds that the institution has received from the Department pursuant to the institution’s Certification and Agreement [for] Emergency Financial Aid Grants to Students: $636,365.
  • 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): $0 has been distributed thus far; applications are currently being accepted.
  • 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: 1,141.
  • The total number of students who have received an Emergency Financial Aid Grant to students under Section 18004(a)(1) of the CARES Act: None as of yet, as applications are currently being accepted.
  • 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: Students complete an application and which is reviewed by professional staff in the College’s Financial Planning Office. Students must be eligible to participate in programs under Section 484 in Title IV of the Higher Education Act of 1965 and have experienced financial disruption caused by the global pandemic. According to federal guidelines, only students who are eligible to complete a FAFSA may receive these stimulus funds.
  • Any instructions, directions, or guidance provided by the institution to students concerning the Emergency Financial Aid Grants: An email was sent to all students on April 29, 2020, from the Senior Vice President, and additionally, the opportunity and a link to the application also was posted on the website and included in an email from the President of the College.
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    View student email communication
    View Loras CARES Act Application