The Coronavirus Aid, Relief, and Economic Security (CARES) Act (the “Act”) was signed into law on March 27, 2020. Section 18004 of the Act created the Higher Education Emergency Relief Fund (“HEERF”) for distribution to colleges and universities, intended to help offset costs to students and institutions resulting from campus disruptions due to the Coronavirus. This report is required by Section 18004(e) of the Act and is published here pursuant to the guidance issued by the U.S. Department of Education.
As required by Section 18004(c) of the Act, Rochester Institute of Technology intends to use no less than 50% of the funds received under Section 18004(a)(1) to provide Emergency Financial Aid Grants to Students. The Certification and Agreement for Emergency Financial Aid Grants for Students under the Act was signed and returned to the Department of Education on May 4, 2020.
RIT received $5,190,240 from the Department of Education pursuant to the RIT’s Certification and Agreement [for] Emergency Financial Aid Grants to students.
As of the date of this report, 7/1/2020, a total of $5,190,240 in Emergency Financial Aid Grants have been distributed to students under Section 18004(c) of the CARES Act. The required portion for emergency grants to students under the CARES Act has been fully distributed.
The estimated total number of students at RIT eligible to participate in programs under Section 484 in Title IV of the Higher Education Act of 1965 and thus eligible to receive Emergency Financial Aid Grants to students, is 9,000.
The total number of students who have received a CARES Act Emergency Financial Aid Grant as of the date listed above is 7,740.
The methods used by Rochester Institute of Technology to determine which students receive Emergency Financial Aid Grants and how much they receive under Section 18004(c) of the CARES Act are described in the FAQ information below.
A sample of the CARES Act Emergency Grant Application is available