Cares Act (2020)
Recently, the federal government passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which includes direct monetary grants to qualified college students, to help offset financial challenges caused by the disruption in campus operations in the wake of the COVID-19 pandemic.
For those who qualify, we hope to begin disbursing CARES Act funding this week via the University’s normal refund process through BankMobile. It is imperative that students have a refund preference set. If you have not received a refund selection kit via your CSU email, please email email@example.com for assistance.
Grant amounts will vary based on each student’s eligibility status. More than 4,200 Columbus State students will receive funds. Grant amounts are determined based on Title IV eligibility and the number of credit hours enrolled for Spring. Additional funds may be distributed to qualified students who are enrolled in the summer.
- Based on federal guidelines, students who were fully online before 3/16/2020, dual enrolled, non-degree seeking, not enrolled in eligible programs, transient, or not US citizens or permanent residents are not eligible for grant funding. In addition to these federal restrictions, those students who are not meeting Satisfactory Academic Progress are not eligible.
- We cannot determine students’ eligibility if they have not completed a 2019-2020 FAFSA. They have until June 30, 2020 to do so.
- These funds are grants and do not have to be paid back at a later date.
- These grants may be taxable as income. The federal government has not yet provided guidance on taxability, so we recommend students keep a record of these funds and/or consult a tax professional.
- These funds are to be used for COVID related expenses such as food, housing, course materials, technology, health care and child-care expenses. By accepting these funds, students agree to the terms outlined by the federal government.
We recognize these funds may not be enough to address all of the hardships faced by all students. Still, we hope that these resources reduce the burdens faced by a number of you. We understand how challenging and stressful this time is, and we appreciate your patience as we navigate these difficult times together.
Spring 2020 Distribution
(based on actual enrollment)
Amount Distributed: $2,389,651.32
Eligible Students: 4,218
Eligible Credit Hours: 55,622
Students with the highest need: $47.31/credit hour
Other Title IV eligible students: $37.86/credit hour
Summer 2020 Distribution*
(based on actual enrollment)
Amount to be distributed: $785,417.30
Eligible Students: 2,013
Eligible Credit Hours: 13,765
Students with the highest need: $62.74/credit hour
Other Title IV eligible students: $50.19/credit hour
*Summer distribution is based on actual enrollment for Summer 2020 and the above listed eligibility criteria.
Higher Education Emergency Relief (HEER) Fund Information
Information related to the expenditure of the Institutional Portion of CARES Act Funding can be found on the following Quarterly Budget and Expenditure Report.