Emergency Financial Aid Grants for Students
CARES Act
Emergency Financial Aid Grants for Students
The Coronavirus Aid, Relief, and Economic Securities (CARES) Act (Pub. L. 116-136) authorized the U.S. Department of Education (“ED”) to allocate formula grant funds to postsecondary institutions for the purpose of addressing needs related to coronavirus. On April 10, 2020, Dr. Mary Schmidt Campbell, President of Spelman College, signed and submitted to ED the Certification and Agreement for an Award under Section 18004(a)(2) of the Higher Education Emergency Relief Fund, Coronavirus Aid, Relief, and Economic Security (CARES) Act.
Total Number of Students Who Have Received Emergency Financial Aid Grant Under Section 18004(a)(1) of the CARES Act
Claimed Disbursements | Total Amount | Report Date |
1,154 | $ 1,135,604.58 | 6/26/2020 |
1,322 | $ 1,282,576.18 | 7/31/2020 |
1,330 | $ 1,291,300.76 | 8/26/2020 |
1,331 | $ 1,292,373.57 | 9/25/2020 |
1,357 | $ 1,329,741.18 | 12/29/2020 |
1,357 | $ 1,402,147.00 | 3/26/2021 |
Spelman CARES Act Distribution Plan By EFC
EFC Range | Student Count | Disbursement | Total Payout |
$0- $5576 (Max PELL) | 892 | $1,178.94 | $1,051,610.25 |
$5577 - $6000 | 24 | $1,146.79 | $27,523.06 |
$6001 - $7500 | 80 | $1,054.77 | $84,381.97 |
$7501 - $10000 | 83 | $972.81 | $80,743.43 |
$10,001 to $20,000 | 222 | $472.00 | $104,784.00 |
$20,001 to $30,000 | 133 | $400.00 | $53,200.00 |
Total | 1434 | ||
% of total student enrollment | 69% |