CARES Act Reporting
The CARES Act
The Coronavirus Aid, Relief and Economic Security (CARES) Act was passed by Congress and signed into law by President Trump on March 27, 2020. The CARES Act Higher Education Emergency Relief Fund-IHE/Student Aid provides funding to institutions to provide emergency financial aid grants to students whose lives have been disrupted, many of whom are facing financial challenges and struggling to make ends meet. FDU has received funding to help its students during this difficult time. These funds may be used by students to pay for expenses related to the cost of attending the University.
CARES Act Interim Reporting May 21, 2020; Updated June 1, 2020; Updated July 10, 2020; Updated September 30, 2020 (FINAL)
Higher Education Emergency Relief Fund (HEERF) participating institutions must post the following information on the institution’s primary website in a format and location that is easily accessible to the public.
Fairleigh Dickinson University signed and returned to the Department the Certification and Agreement on April 13, 2020. The University intends to use no less than 50% of the funds received under Section 18004(a)(1) of the CARES Act to provide Emergency Financial Aid Grants to students.
- The University received $2,885,602 from the Department pursuant to the institution’s Certification and Agreement [for] Emergency Financial Aid Grants to Students.
- As of May 21, 2020, the University had not yet distributed any funds to students. As of June 1, 2020, the University distributed $2,886,700. As of July 10, 2020, no additional funds have been distributed. As of September 30, 2020, no additional funds have been distributed.
- As of May 21, 2020, the estimated total number of students at the institution 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 under Section 18004(a)(1) of the CARES Act was 5,038. As of June 1, 2020, this number increased to 5,054. As of July 10, 2020, this number increased to 5,062. As of September 30, 2020, this number increased to 5,065.
- As of May 21, 2020, no students had received an Emergency Financial Aid Grant to students under Section 18004(a)(1) of the CARES Act. As of June 1, 2020, 1,637 students had received an Emergency Financial Aid Grant to students under Section 18004(a)(1) of the CARES Act. As of July 10, 2020, no additional funds have been distributed. As of September 30, 2020, no additional funds have been distributed.
- The University accepted applications for the CARES Act funds. The University distributed the funds based on the requested amounts provided in the application by each student. A maximum award level of $3,400 was set to be able to distribute the funds to all eligible students who applied.
- An email was sent to the student body directing them to the application on May 11, 2020 and May 21, 2020. In addition, there have been various other communications made to students as it relates to COVID-19.
Additional Quarterly Reporting
Eligibility and Application
More information about eligibility and the application process has been shared with FDU students and is available here: https://www.fdu.edu/wp-content/uploads/2020/05/200508-cares-3.pdf.
COVID-19 Pandemic FAQs
For more information about the University‘s response to the COVID-19 pandemic and for other FAQs, see https://www.fdu.edu/coronavirus-update/.