June 23, 2020
In May 2020, Ursuline College was notified that it would receive federal funding made available by the CARES Act (Coronavirus Aid, Relief, and Economic Security), to help the College and students who have incurred expenses due to the disruption of campus operations because of the pandemic.
As of June 12, the College reports the following regarding CARES Act funding:
- Ursuline College signed and returned to the Department of Education the Certification and Agreement and the institution intends to use no less than 50 % 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 Ursuline College has received from the Department pursuant to the institution’s Certification and Agreement for Emergency Financial Aid Grants to Students is $673,311, of which at least half ($336,656) will be provided as direct funds to students.
- The total amount of Emergency Financial Aid Grants distributed to students under Section 18004(a)(1) of the CARES Act was of May 25, 2020 is zero. The total amount distributed as of June 12, 2020 was $274,177.
- The estimated total number of students at Ursuline College 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 is approximately 730.
- The total number of students who have received an Emergency Financial Aid Grant to students under Section 18004(a)(1) as of June 12, 2020 is 233.
- Ursuline College provided funds to eligible students that met the criteria and who had submitted the application above by May 20. Awards were granted to eligible students based on the applications received. Any remaining funds will be distributed in the late summer and fall to those who incur expenses after the application deadline.
Communications to students, in addition to the news release posted on May 7, 2020, were: