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Salem State University CARES Act: 45-day Cares Act Funding Report

Purpose:

The purpose of this document is for Salem State University to comply with reporting requirements mandated by the US Department of Education for institutions receiving funds through the CARES Act: Higher Education Emergency Relief Fund (HEERF).

Salem State University is required to make the report available and appear in a format and location that is easily accessible to the public. Accordingly, Salem State responses to specific requirements will be made available on the Salem State University website 30 days after the date when the institution received its allocation under 18004(a)(1) and updated every 45 days thereafter.

45 Day Fund Report (06/25/2020)

Requirements and Responses:

  1. An acknowledgment that the institution signed and returned the Certification and Agreement to the U.S. Department of Education and the assurance that the institution has used, or intends 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.

Salem State University signed and returned the Certification Agreement on 04/21/2020.  The university intends to use no less than 50 percent of the funds received under Section 18004(a)(1) to provide Emergency Financial Aid Grants to students.

  1. The total amount of funds that the institution will receive or has received from the Department pursuant to the institution’s Certification and Agreement [for] Emergency Financial Aid Grants to Students.

The total amount received by Salem State University for Emergency Financial Aid Grants to students is $3,256,409.00

  1. The total amount of Emergency Financial Aid Grants distributed to students under Section 18004(a)(1) of the CARES Act as of the date of submission (i.e., as of the 30-day Report and every 45 days thereafter).

Salem State University has distributed $3,117,250 as of June 25, 2020

  1. 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.

4,082 is the estimated total number of Salem State students that were eligible to submit a Covid-19 related expenses application.

Summary:

The total amount of funding that has been awarded to students as of June 25, 2020, is $3,117,250 which includes block grants and funds awarded via an application.  The remaining Cares Act funding is $138,909 and will be awarded through an additional application process.

Eligibility criteria (inclusive):

  1. Be a degree-seeking undergraduate or graduate student enrolled in 1 or more credit hours for the Spring 2020 semester as of March 13, 2020, when the national emergency was declared.
  2. Be eligible to participate in programs under Section 484 in Title IV of the Higher Education Act of 1965, as amended. (e.g., be eligible to receive federal financial aid funds such as the Pell Grant, Direct Loans, etc.).
  3. Have submitted a FAFSA for 2019-20.
  4. Have incurred eligible expenses related to COVID-19
  5. Have received a federal financial aid award that was disbursed for the Spring 2020 semester or were eligible for federal financial aid.
  6. Was registered for summer 2020 and/or fall 2020 courses
  7. Have no outstanding items requested by Salem State University that are required to determine eligibility.

Salem State University has awarded Cares Act funding directly to students via an application, based on the reported costs associated with COVID-19 totaling $462,250. 4,082 students were eligible to submit an application.

  • 66 students approved at $250 total of $16,500
  • 173 students approved at $500 total of $86,500
  • 479 students approved at $750 total of $359,250

Methodology:

The total amount of funding that has been awarded to students as of June 25, 2020, is $3,117,500.  The remaining Cares Act funding is $138,909 and will be awarded through an application process.

The Institutional Portion reports for CARES funding under Section 18004(a)(1) Institutional Portion, (a)(2), and (a)(3) Public Reporting the Quarterly Budget Report and Expenditure Reporting under CARES Act Sections 18004(a)(1) Institutional Portion, (a)(2), and (a)(3), if applicable is posted below.

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