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CARES Act
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.
Funding totals:
| Date | Total Number of Students Awarded Funding | Funding Awarded |
|---|---|---|
| 5/12/2020 | 307 | $351,407.00 |
| 6/22/2020 | 378 | $446,672.00 |
CARES Funding Application Process:
- Contact Arcadia’s Financial Aid Office at FAReview@arcadia.edu with the Subject: “COVID Impact”.
- Briefly summarize the financial impact that COVID-19 has had on you (food, housing, course materials, technology, health care, child care, etc.).
- Reply to any next steps requested by the Financial Aid Team (which could include completing additional paperwork and/or answering additional questions).
Applications will be reviewed on a monthly basis, with requests being due by the first of each month.
Awarding Method:
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.