The Coronavirus Aid, Relief, and Economic Security (CARES) Act is federal legislation that established and funded the Higher Education Emergency Relief Fund (HEERF), which has provided the University of Southern Indiana with $2.9 million for emergency financial aid grants to students to help cover expenses related to the disruption of campus operations due to the coronavirus.
The Department of Education has established eligibility guidelines that students must meet in order to be eligible for an award.
- Students must have been enrolled in a degree seeking program at USI
Grants range from $200 to $800 depending upon enrollment status and Pell Grant eligibility. Students displaced from University housing were awarded an extra $200.
Under Department of Education guidelines, some students are not eligible for an award such as international students, DACA students, students who took all distance education and students who were not meeting general Title IV eligibility requirements.
The CARES Act does not allow the University to apply funds to a student’s past due balance.
- Do I have to repay a CARES Act grant? These funds are a grant, not a loan. There is no requirement to repay the grant funds.
- Will this funding reduce my financial aid? This is a one-time grant that does not reduce financial aid.
- How will the CARES grant impact my taxes? As with all financial assistance, federal grants received will have separate and unique tax consequences for your individual federal tax return. Visit the IRS website for more information
- Where can I go if I have more questions? If you have any additional questions, please email firstname.lastname@example.org.
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