➤ Stonehill College has completed both the certification and agreement to take receipt of $1,498,782.00 in CARES Act funding, using no less than $749,391.00 for emergency Financial Aid grants directly to students.
➤ Stonehill estimates 2,370 enrolled students are eligible to participate in programs under §484 in Title IV of the Higher Education Act of 1965 and thus eligible to receive Emergency Financial Aid Grants to students under §18004(a)(1) of the CARES Act.
➤ As of the date of this reporting, 1,679 students have received Emergency Financial Aid Grant funds totaling $541,350 under §18004(a)(1) of the CARES Act.
➤ Stonehill College recognizes that all students enrolled during the Spring 2020 term were impacted in some way as a result of the disruption of COVID-19. Guidance from the Federal Department of Education encouraged institutions to determine how many students can receive CARES Act funding in a manner that prioritized allocating more funding to students with the “greatest financial need” while disbursing the remaining funding as “widely as possible.” The College acted in accordance with that guidance, resulting in student allocations of $650.00 and $250.00 based on demonstrated financial need. Students that do not meet the federal requirements—or cannot certify that they do—will receive the same level of funding, however, it will come from institutional sources.
Last updated June 16, 2020