CARES Act Disclosures
The CARES Act was passed by Congress to assist students who experienced negative financial outcomes from the conversion to remote delivery classes necessitated by the COVID-19 pandemic in Spring 2020. The CARES Act requires the university to publish the following disclosures to explain how much funding we received and how we used it to assist our students.
On April 13, 2020, MTSU signed and returned the Certification and Agreement to the U.S. Department of Education ensuring that we intend to use no less than 50 percent of the funds received under Section 18004(a)(1) of the CARES Act to provide Emergency Financial Aid Grants to students.
MTSU will receive $17,299,411 from the U.S. Department of Education pursuant to the Certification and Agreement for Emergency Financial Aid Grants to students, one-half of which ($8,649,706) will be provided directly to students in the form of emergency grants.
As of May 13, 2020, MTSU has disbursed $6,955,100 through Emergency Financial Aid Grants under Section 18004(a)(1) of the CARES Act. The amount disbursed will be revised within 45 days based on expenditures between May 13, 2020 and that date.
As of May 13, 2020, MTSU has identified 13,347 students who are 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.
As of May 13, 2020, 11,640 students have received an Emergency Financial Aid Grant under Section 18004(a)(1) of the CARES Act.
In addition to guidance received from the U.S. Department of Education regarding eligibility requirements and the allowance of local flexibility, students must meet the following requirements to be considered for Emergency Financial Aid Grants at MTSU:
- Students must be eligible to participate in programs under Section 484 in Title IV of the Higher Education Act of 1965, as amended (HEA).
- Students must have been enrolled in on-ground coursework that was converted to on online coursework resulting from COVID-19. These students would have experienced direct impact resulting from expenses related to the disruption of campus operations due to coronavirus.
- Students must be undergraduate or graduate degree-seeking students (including those seeking teacher licensure) and attending at least half-time. Credit hours related to the PC191 employee discount waiver are excluded from the calculation of at least half-time enrollment. Students assessed fees based on corporate rate are excluded from eligibility.
- Students must be U.S. citizens or eligible non-citizens. Undocumented and international students are ineligible.
- Students who are eligible for the Federal Pell Grant and/or part of the MTSU Next Step Program will receive additional funding.
- As of May 13, 2020, the following model is being used to determine the amount of funding students will receive if the above eligibility criteria are met:
|Base + Pell||$700.00|
|Base + Next Step||$800.00|
|Base + Pell + Next Step||$1,000.00|
Students who receive the emergency financial aid grant are provided the following guidance when payment is made to their MTSU account:
“You are receiving a federal emergency financial aid grant as a part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which was recently passed by Congress. This grant is designed to support students who experienced disruption to their lives and to their education due to the COVID-19 outbreak. The funding is intended for your use in meeting expenses related to food, housing, course materials, technology related to the transition from on-ground to on-line course instruction, health care, and child care. You are not required to provide receipts in regard to use of funds. The amount refunded is the full amount of the grant and no outstanding balances to MTSU have been deducted from the grant payment.”