CARES Act Emergency Financial Aid Grants to Students
Updated August 28, 2020
Utilization of CARES Act Funds:
Certification and Agreement. Washington College completed a formal Certification and Agreement with the U.S. Department of Education on April 10, 2020. The agreement provides that fifty (50) percent of its formula grant funds be used to cover any costs associated with significant changes to the delivery of instruction due to the coronavirus.
Amount of Funds Received. Washington College has received a total of $1,047,397 under the CARES Act (Award Number P425F200817). Of this sum, $523,699 has been earmarked for emergency financial aid grants to eligible students. The entirety of the balance (the Institutional Component - $523,698), has been utilized to offset refunds of Spring semester room and board fees -- which amounted to a total of $2,648,483 and were necessitated by the closure of the campus due to the coronavirus.
Eligible Students. The estimated total number of Washington College students eligible to participate
in programs under Section 484 in Title IV of the Higher Education Act of 1965 is 961.
These students are deemed eligible to apply for Emergency Financial Aid Grants. Eligible
students were informed by email of the opportunity to apply for an Emergency Financial
Aid Grant. Eligible students were invited to complete and submit an application.
All applications were reviewed and approved based upon criteria established and administered
by Washington College.
If you do not have a FAFSA on file with Washington College but believe you are eligible for Title IV funding or if you are unsure if you are eligible for Title IV funding, please review the attached form. If you answer yes to all of the statements and choose to move forward with requesting funds please complete the form and email it to JRunyon2@washcoll.edu
**Please note** Students who choose not to fill out a FAFSA but otherwise meet the title IV eligibility criteria may verify their eligibility by completing the form in which you (the student) attests under the penalty of perjury to meeting the requirements of section 484 of the HEA.
Emergency Financial Aid Grants. As of September 30, 2020, a total of $507,168 has been distributed among 488 eligible students.
CARES Act Funds:
Washington College did receive funding for students impacted by COVID-19. Students received an email on May 5 with a link for them to fill out requesting funds for their need, that link is now closed. New incoming students received an email on August 13, 2020 with a link for them to fill out to request funding. Returning students received an email on August 26, 2020 with a link for them to fill out to request funding.
Qualifications for CARES Act Funds:
The Department of Education has placed restrictions on the CARES Act Relief Funds. In order to receive these funds, students must be eligible to receive Title IV aid. This means that students must have a valid FAFSA on file and must be meeting Satisfactory Academic Progress. Students will be reviewed for eligibility upon receipt of the application. If you are not sure if you meet these criteria, we encourage you to fill out the application regardless. Washington College Emergency Funds are available to all enrolled Washington College students and can be used for those not eligible for the CARES Act funds.
Please allow 10-14 business days for us to process your request and get funds into your bank account. If you have not yet setup direct deposit, you are encouraged to do so on Student Self Service as soon as possible. Students without direct deposit will have a check mailed, which will delay the receipt of the funds. Grants will be automatically awarded to students regardless of any existing credit or balance owed.
Where is the link to apply?
After the first and second round of distributions the College distributed $456,793 (noted above). At this time the College has re-opened the application for returning students; an email went to those students on 8/26/20.