UPDATE REGARDING EMERGENCY GRANT DISBURSEMENTS
Loyola has reviewed the certification forms received and will begin disbursing funds to eligible applicants during the week of July 13.
As disbursements are processed, an email will be sent to the Loyola email address for eligible applicants which will include the amount being disbursed to the applicant and the format of disbursement (either by direct deposit or by check).
- If additional information was required to complete the certification process, an email was sent to the Loyola email of the applicant. Pending the receipt of that information, disbursements will be made to eligible applicants on a rolling basis as eligibility is confirmed.
- If an applicant was determined to be ineligible, they will be contacted via email by 5 p.m. on Thursday, July 16.
THE CORONAVIRUS AID, RELIEF AND ECONOMIC SECURITY (CARES) ACT
The Coronavirus Aid, Relief and Economic Security (CARES) Act is federal legislation that provides financial support to individuals and organizations affected by the COVID-19 pandemic, including the Higher Education Emergency Relief Fund (HEERF). One part of this federal program provides emergency grants to students for unexpected expenses related to the disruption of campus operations due to the COVID-19 pandemic. Loyola University Maryland is required to provide regular reporting to the U.S. Department of Education (ED) on the use of funds authorized by the CARES Act. Funds received by Loyola under the CARES Act were authorized by Congress and signed into law by the President on March 27, 2020. That information can be found here.
Under the CARES Act, Congress calculated amounts for the HEERF for each institution of higher education. Loyola was awarded a total of $1,306,230 for emergency relief funds for students. Loyola signed and returned the required Certification and Agreement to the Department of Education. It is the intention of the University to disburse these funds to students as one-time emergency grants for eligible students who have unexpected expenses related to the disruption of campus operations due to the COVID-19 pandemic.
HOW DO I KNOW IF I’M ELIGIBLE FOR CARES ACT STUDENT EMERGENCY RELIEF GRANT?
A student is eligible for CARES Act funding through Loyola if they:
- Were enrolled at Loyola on March 13, 2020 as a full-time or part-time undergraduate or graduate student;
- Experienced a financial hardship as a result of the disruption of education due to the coronavirus for expenses included but not limited to: food, housing, course materials, technology, health care, and child-care expenses;
- [UPDATED] Are eligible for federal financial aid (this will be determined by either having been approved through the 2019-2020 or 2020-2021 FAFSA process or if you have not completed a FAFSA form, you will be asked to complete an attestation of eligibility of Title IV criteria as per recent rule making by the Department of Education. All information provided via FAFSA or the attestation form will be reviewed by financial aid to confirm eligibility of Title IV criteria; and
- Complete the Loyola certification form via Qualtrics.
Non-degree seeking students; students exclusively enrolled in online courses; and those who withdrew or took a leave of absence prior to March 13, 2020, are not eligible for CARES Act funding.
If a student is unsure of their eligibility, we encourage them to fill out the certification form and/or email firstname.lastname@example.org.
HOW DO I COMPLETE THE COST CERTIFICATION FORM?
An email was sent out to students who may be eligible with a link to a certification form to be completed via Qualtrics. The deadline for completion of the certification form was Monday, June 22, 2020, at 8 p.m.
Students who complete the form are required to certify, attest, and affirm that they have incurred expenses related to the disruption of campus operations due to coronavirus, including food, housing, course materials, technology, health care, and/or child-care expenses; and that the information included on the form is true, accurate, and complete to the best of their knowledge, information, and belief.
Coronavirus Aid, Relief and Economic Security (CARES) Act emergency grants are subject to eligibility, overall applicant pool, and availability of funds, among other things, and there is no guarantee that an emergency grant will be available or, if so, available in any particular amount.
FREQUENTLY ASKED QUESTIONS (FAQ)
What is the CARES Act?
The Coronavirus Aid, Relief and Economic Security (CARES) Act is federal legislation that provides financial support to individuals and organizations affected by the COVID-19 pandemic, including the Higher Education Emergency Relief Fund (HEERF). One part of this federal program provides emergency grants to students for unexpected expenses related to the disruption of campus operations due to the COVID-19 pandemic. More information on the CARES Act is available here.
How much will I receive?
Loyola is committed to providing grants to all eligible students to the greatest extent possible with the CARES Act funds available. The actual amount each student will receive is based on the number of applications received and the funds available.
CARES Act emergency grants are subject to eligibility, overall applicant pool, and availability of funds, among other things. Submission of a certification form does not a guarantee that an emergency grant will be available or, if so, available in any particular amount.
When will my application be reviewed?
Any certification forms received by the deadline are currently being reviewed for eligibility. If additional information is needed or if an additional Title IV eligibility form is required, students will contacted by email with details on what information is needed to complete their certification form. Once the review process is complete, students will then receive an email confirming their status, and if you are confirmed as eligible, information on when to expect the disbursement and in what form.
How will I receive this money?
All emergency grants will be processed through student accounts. Emergency grants will be directly deposited into bank accounts for students who are enrolled in direct deposit. Students without direct deposit will receive a refund check in the mail. It is expected that checks will be sent to students in early to mid-July.
Do I need to repay the money?
No. Students will not need to repay any money received through this fund.
Can I apply for funding more than once?
No. Students will only be considered once for eligibilty.
Does this funding affect my other financial aid?
No. This is an emergency grant to help students manage unexpected expenses related to the coronavirus, and it will not have any impact on other financial aid a student may be eligible to receive.
What if I still have an account balance?
Any CARES Act funding awarded will be paid to the student directly, and it will not cover any outstanding balances owed to Loyola University Maryland. Any outstanding balance owed to Loyola will remain the responsibility of the student.
Are Emergency grants taxable?
For more information, please visit this IRS site - FAQs: Higher Education Emergency Relief Fund and Emergency Financial Aid Grants under the CARES Act
Who do I contact if I have additional questions? Please contact email@example.com.