CARES Act Higher Education Emergency Relief Fund Statement
At Moravian College, we know many of our students are facing significant challenges due to the ongoing pandemic. To assist students who have been impacted financially, the college is distributing emergency government grant funding via the CARES Act. The student portion of the CARES Act Higher Education Emergency Relief Fund (HEERF-Student) provides federal funding for institutions to distribute emergency grants to students who have been impacted by disrupted campus operations due to coronavirus, many of whom are facing financial challenges and struggling to make ends meet. The institutional portion of the CARES Act (HEERF-Institutional) provides federal funding for schools to recoup some of the cost associated with significant changes to the delivery of instruction due to coronavirus.
The CARES Act requires all colleges and universities participating in the program to provide access to the following information:
Did Moravian College receive CARES Act Funds?
Yes. Moravian College signed and returned to the US Department of Education the CARES Act Certification and Agreement for Emergency Financial Aid Grants to Students (HEERF-Student). This document is an assurance that Moravian College intends to use no less than 50 percent of the total funds received under Section 18004(a)(1) of the CARES Act to provide emergency grant relief directly to students.
How much did Moravian College receive from the CARES Act?
The total amount of CARES Act funding Moravian College received from the US Department of Education was $2,025,895. Half of this amount—$1,012,948—is HEERF-Student, which must be used for direct relief payments to students pursuant to the college's Certification and Agreement for Emergency Financial Aid Grants to Students. The other half is HEERF-Institutional.
How much of the emergency grant funding was distributed to Moravian College students?
As of the date of this reporting (45 + 30 days from receipt of the funds), the total amount of HEERF-Student grants distributed directly to students is $1,002,400. At 30 days from receipt of the funds, the amount was $955,200.
How many Moravian College students are eligible to participate in programs under Section 484 in Title IV of the Higher Education Act of 1965 and thus potentially eligible to receive Emergency Financial Aid Grants under Section 18004(a)(1) of the CARES Act?
The estimated total number of students at the college eligible to participate in programs under Section 484 in Title IV of the Higher Education Act of 1965 is 1,750.
How many Moravian College students have received an Emergency Financial Aid Grant under Section 18004(a)(1) of the CARES Act?
As of the date of this reporting (45 + 30 days from receipt of the funds), the total number of Moravian College students who received a HEERF-Student grant is 1,175. At 30 days from receipt of the funds, the number was 1,142.
How did Moravian College determine which students receive Emergency Financial Aid Grants and how much they would receive?
To date, Moravian College's method of evaluating eligibility was based on the student being eligible to participate in federal student aid programs (under Section 484, Title IV of the Higher Education Act of 1965) and meeting the guidelines outlined in the Student Grants section of President Grigsby's April 20 coronavirus update.
Grant recipients received a personalized email containing additional information and instructions.
How were the HEERF-Institutional funds used?
As of 30 days from receipt of the funds, the entire allotment of HEERF-Institutional was used to provide partial board refunds to students with eligible board plan charges for the Spring 2020 semester. The total cost of board refunds provided by Moravian College was $1,213,248.
For any questions or concerns about the HEERF-Student Emergency Financial Aid Grants, please contact email@example.com.