May 20, 2020
On March 27, 2020, the federal government enacted the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”). The CARES Act includes a Higher Education Emergency Relief Fund (“HEERF”). A portion of HEERF funds must go directly to eligible students in the form of emergency financial aid grants for expenses related to the disruption of campus operations due to the COVID-19 crisis.
On April 25, 2020, Antioch University (AU) received the Grant Award Notification from the U.S. Department of Education as a result of our signing of the Certification and Agreement and the assurance that the University intends to use no less than 50 percent of the funds received under Section 18004(a)(1) of the CARES Act to provide emergency financial aid grants to students.
Pursuant to the Certification and Agreement, the University is eligible to receive up to $553,606 in HEERF Grant Funds. While AU has received confirmation of the availability of these funds, we have not drawn down the available funds as of May 20, 2020.
As of May 20, 2020, AU has not distributed any HEERF Grant Funds. We finalized a procedure regarding the HEERF on April 30, 2020, and developed an online application process for students to request these grants. We expect to begin distributing funds in the final week of May.
AU estimates that approximately 2,000 students may be eligible for the HEERF Grant Funds. As of May 22, 2020, 479 students have applied and deemed eligible to receive funding. Thus far, over $400,000 of the allocation has been awarded to these eligible students. We expect the remaining portion of allocation to be awarded over the next few weeks.
The University has decided to prioritize students with the greatest need, but at the same time establish a maximum funding threshold for each student to ensure that these funds are distributed as widely as possible. The maximum award is estimated to be $1,145 but may be lower based on the actual number of applications received and the discretion of their respective Provost’s review of the application.
Click here to view the announcement made to students regarding the availability of the HEERF Grant Funds.