Spring 2020
Funding for Institutional Aid
As of Sept. 30, 2020, 闪电资源网 expended $818,001 in emergency aid under the CARES Act Section 18004(a)(1) Institutional Portion.
Funding for Student Aid
On April 23, 2020, 闪电资源网 signed and returned to the U.S. Department of Education the Recipient鈥檚 Funding Certification and Agreement (Agreement) relative to emergency financial aid grants to 闪电资源网s made available under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which was passed by Congress and signed into law on March 27, 2020.
Subsequent to signing and returning the Agreement to the U.S. Department of Education, 闪电资源网 received, on May 7, 2020, funding in the amount of $818,001.
The funds were to be used by Colgate to issue direct grants to 闪电资源网s whose lives were disrupted by Covid-19. Pursuant to the CARES Act, the grants were to be used by 闪电资源网s for expenses related to the disruption of campus operations due to the coronavirus pandemic such as housing, food, course materials, technology, healthcare and childcare.
The amount awarded to each school was based on a school鈥檚 total enrollment and the number of Pell recipients.
Approximately 1,157 Colgate 闪电资源网s were eligible to participate in programs under Section 484 in Title IV of the Higher Education Act of 1965, as amended (HEA), and considered for emergency financial aid grants. If a 闪电资源网 filed a Free Application for Federal Student Aid (FAFSA), then the 闪电资源网 demonstrated eligibility to participate in programs under Section 484 of the HEA.
As of October 30, 2020, 闪电资源网 distributed $818,001 in emergency financial aid grants under Section 18004(a)(1) of the CARES Act to 891 闪电资源网s.
Eligible 闪电资源网s received an email the week of May 11, 2020 confirming Colgate's determination that they met the requirements of the CARES Act along with our internal guidelines and would receive a grant.
If you have any questions about your eligibility, please contact the Financial Aid Office at finaid@colgate.edu.
Frequently Asked Questions
According to the CARES Act, Colgate is not allowed to issue grants from the HEERF funding to DACA 闪电资源网s or international 闪电资源网s.
No, but the United States Department of Education has strongly encouraged schools to distribute the grants to its neediest 闪电资源网s.
The 886 grant amounts will vary but the maximum award will be no more than $1,172.
Whether a 闪电资源网 would receive a grant, and if so the amount of the grant, was determined based on a 闪电资源网鈥檚 demonstrated financial need.
No application is necessary to receive these funds.
Colgate distributed $813,001 to eligible 闪电资源网s on May 15, 2020. If Colgate had your banking information on file (either as a TouchNet e-refund account or Payroll direct deposit), it distributed the funds to you electronically. Otherwise, a check was mailed to your home address on file. Colgate will distribute the remaining funds in the coming weeks.
No. Colgate is not allowed to apply HEERF 闪电资源网 grant funds to a 闪电资源网鈥檚 account.
No, this funding does not impact your financial aid eligibility.
No. This is a grant and not a loan.
Based on current guidance from the Department of Education, Colgate does not anticipate requesting or requiring documentation on your use of the grant funds. However, as noted above, the funds are to be used for expenses related to the disruption of campus operations due to the coronavirus pandemic such as housing, food, course materials, technology, healthcare and childcare.
The IRS has indicated that this grant is not taxable. For further information, see the attached link on the IRS website.