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On April 15, 2020 Arcadia University signed and returned the Certification and Agreement for the CARES Higher Education Emergency Relief Funding (HEERF). Arcadia intends to use no less than 50 percent ($1,281,566 total) of the funds received to provide Emergency Financial Aid Grants to students.
Arcadia University estimates 2303 total eligible students.
Date | Total Number of Students Awarded Funding | Funding Awarded |
---|---|---|
5/12/2020 | 307 | $351,407.00 |
6/22/2020 | 378 | $446,672.00 |
8/10/2020 | 461 |
$538,213.00 |
9/15/2020 | 495 | $921,420.00 |
11/15/2020 | 761 | $1,281,566 |
Students who demonstrated unexpected expenses or hardships related to the disruption of campus operations due to coronavirus are asked to submit applications, as described above. The student applications are reviewed by a committee, which sorts the applications based on the severity of the disruption(s), with students who experienced more than one overlapping hardship being prioritized. Students are awarded funds based on the losses they showed, up to a set dollar amount, determined by taking an average of all the estimated expenses submitted. Students have more than one opportunity to apply for funds, in order to ensure that there would be ongoing opportunities for affected individuals to receive assistance up to an award cap of $6,300. Applications will be reviewed on a monthly basis until funding is depleted. Beginning in October 2020, due to limitations in funding, priority review will go to first-time applications.
CARES funding can cover any unexpected educational related expenses due to the disruption of campus operations and can include:
Some examples of what CARES funding cannot cover:
CARES Act 18004 (a)(1) Institutional Portion and 18004 (a)(2) SIP Reporting:
CARES Act 18004 (a)(1) Institutional Portion and 18004 (a)(2) SIP Reporting: