How Much Is The Cares Act Payment For College Students. As of april 9, 2021, gaston college has awarded an emergency financial aid grant to 1002 students. While we applaud congress for moving quickly to.
Students with a $0 efc are receiving $290; The institution will distribute 90 percent of the funds to eligible students, and the remaining 10 percent will be distributed as special payments to students with additional need, through an application process. Roane state is preparing to disburse approximately $1.6 million in emergency student aid that has been provided to us through the cares act.
The amounts range from $275 to $550 per student and will be distributed by may 1.
However, most students won’t receive a check. The crrsa act faq (see question 9) states that “f inancial aid grants for students may be used for any component of the student’s cost of attendance acquired after december 27, 2020, or for emergency costs that arise due to coronavirus, such as tuition, food, housing,. The act provides funds to colleges to give to eligible students to assist with costs related to the disruption of campus operations due to coronavirus.the coronavirus aid, relief, and economic security act (“cares act”) was signed into law by president trump on march 27, 2020. $17,492 but increases as students progress.