Ppr Int 8777Fa20B4F43B27 Letter From Secretary Devos To College Presidents On Cares Act Fu - Ppr Int 8777Fa20B4F43B27 Letter From.

Summary

Letter of April 9, 2020 from Secretary of Education Betsy DeVos to college and university presidents on CARES Act funds. She writes that the act provides roughly $14 billion for institutions of higher education, of which $12.56 billion is distributed by a formula based on student enrollment, and that at least 50 percent of each institution’s share must be reserved for emergency financial aid grants to students for expenses tied to the disruption of campus operations. Institutions have discretion over how to award the grants; she encourages them to prioritize students with the greatest need and to consider capping each award, for example at the maximum Federal Pell grant of $6,195 for 2019-2020. To draw the money, institutions must sign and return a Certificate of Funding and Agreement.

Summary drafted by a model from the document's text below and checked by script against that text before publication. It is a navigation aid, not a reading of what the document proves. Where AI is used

Issuer: Congressional materials
Document type: Ppr Int 8777Fa20B4F43B27 Letter From Secretary Devos To College Presidents On Cares Act Fu
Case: Ppr Int 8777Fa20B4F43B27 Letter From Secretary Devos To College Presidents On Cares Act Funding 5B104F5630

Cite this document

“Ppr Int 8777Fa20B4F43B27 Letter From Secretary Devos To College Presidents On Cares Act Fu - Ppr Int 8777Fa20B4F43B27 Letter From.” Original at www.ed.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/ppr-int-8777fa20b4f43b27-letter-from-secretary-devos-to-college-presidents-on-cares-act-funding-5b104f5630/, SHA-256 174d510af6daf2679f0421a629e055721ce92f45d78d4a68be987eeefac9b788.

Full text

                                THE SECRETARY OF EDUCATION
                                      WASHINGTON, DC 20202



                                          April 9, 2020



Dear College and University Presidents:
These are unprecedented and challenging times for your students and for you. I know you find
yourselves grappling with issues you never imagined, and I want to assure you we are here to
support you in your missions and to quickly provide the resources and flexibilities you need to
continue educating your students. That’s why we’re focused on implementing the Coronavirus
Aid, Relief, and Economic Security (CARES) Act quickly and faithfully.
I gave my team a charge as soon as the CARES Act was signed into law: get support to those
most in need as quickly as possible. That starts with college students whose lives have been
disrupted, many of whom are facing financial challenges and struggling to make ends meet.
As you know, the CARES Act provides several different methods for distributing roughly $14
billion in funds to institutions of higher education. The most significant portion of that funding
allocation provides that $12.56 billion will be distributed to institutions using a formula based on
student enrollment. Of the amount allocated to each institution under this formula, at least 50
percent must be reserved to provide students with emergency financial aid grants to help cover
expenses related to the disruption of campus operations due to coronavirus. We are prioritizing
this funding stream in order to get money in the hands of students in need as quickly as possible.
The CARES Act provides institutions with significant discretion on how to award this
emergency assistance to students. This means that each institution may develop its own system
and process for determining how to allocate these funds, which may include distributing the
funds to all students or only to students who demonstrate significant need. The only statutory
requirement is that the funds be used to cover expenses related to the disruption of campus
operations due to coronavirus (including eligible expenses under a student’s cost of attendance,
such as food, housing, course materials, technology, health care, and child care). With that said, I
would like to encourage the leadership of each institution to prioritize your students with the
greatest need, but at the same time consider establishing a maximum funding threshold for each
student to ensure that these funds are distributed as widely as possible. As a point of reference,
you might consider using the maximum Federal Pell grant (for the 2019-2020 academic year,
$6,195) as that threshold. In addition, if you determine that your institution’s students do not
have significant financial need at this time, I would ask that you consider giving your allocation
to those institutions within your state or region that might have significant need.
In order to access these funds, all institutions must sign and return the Certificate of Funding and
Agreement via: grants.gov (https://www.grants.gov/web/grants/applicants/registration.html),
acknowledging the terms and conditions of the funding. After the Department has received the


                                                   www.ed.gov
certificate, institutions may draw down their emergency assistance funds using the Department’s
G5 system.
The Department is also working expeditiously to allocate the remaining funding that is reserved
for institutional use, and we will provide details on how institutions may apply for this
institutional funding, as well as for other emergency funding, in the coming days. Thank you for
your continued work on behalf of America’s students.


                                            Sincerely,


                                            Betsy DeVos

File and source

File: ppr-int-8777fa20b4f43b27-Letter-from-Secretary-DeVos-to-College-Presidents-on-CARES-Act-Funding-5b104f5630.pdf
Size: 140,531 bytes
SHA-256: 174d510af6daf2679f0421a629e055721ce92f45d78d4a68be987eeefac9b788
Our copy: ppr-int-8777fa20b4f43b27-Letter-from-Secretary-DeVos-to-College-Presidents-on-CARES-Act-Funding-5b104f5630.pdf
Original: www.ed.gov