How Much Is The Cares Act For Students. The coronavirus aid, relief, and economic security act or, cares act, was passed by congress on march 27th, 2020. Fifty percent of respondents said they intend to use the funds to serve.
This will be used to cover financial aid grants and other disruptions that stem from the pandemic. Second round of cares act money benefits thousands of irsc students. Motlow state community college disbursed the first disbursement for emergency student assistance provided by the coronavirus act, relief, and economic security (cares) act the week of may 18, 2020.
Cares act fast facts total amount of funds received for grants to students.
Nltcc distributed 100%, or $568,335 , of emergency financial aid grants to students under section 18004(a)(1) of the cares act on 05/15/2020. Ucf will award more than $3.5 million to the more than 3,800 students who met eligibility criteria and completed the second application for the cares act. Roughly $13 billion is allotted from the cares act to go directly to higher education institutions. At sacred heart university, it is estimated 7,424 students are potentially eligible to participate under section 484 in title iv of the higher education act of 1965 and eligible to receive emergency financial aid grants under section 18004(a)(1) of the.