CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY (CARES) ACT EMERGENCY FUNDS
The Federal Coronavirus Aid, Relief and Economic Security (CARES) Act passed by Congress and signed into law on March 27, 2020, is intended to provide economic relief for individuals impacted by the pandemic.
Under CARES, the U. S. Department of Education was authorized to provide funding to institutions of higher education in the form of emergency financial aid grants. Martin Methodist College signed and returned to the Department of Education the Certification and Agreement that assures that no less than 50% of the funds received under Section 18004(a)(1) of the CARES Act will be provided as Emergency Financial Aid Grants to students. MMC has received $481,731 for these emergency financial aid grants and is available to eligible students as emergency grants for expenses related to the disruption of campus operations due to coronavirus.
Approximately 683 students at MMC 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 under Section 18004(a)(1) of the CARES Act. As of December 31, 2020, 414 students have received a total of $432,814 in emergency grants.
Eligible Residential Students who moved off campus received a check for $1100 to assist with related expenses due to this disruption caused by coronavirus. These students along with the remaining eligible students are encouraged to apply for these emergency grants. Applications will be reviewed by a committee to confirm Title IV eligibility and to determine that the need for the funds (as stated by the student) are eligible expenses under the student’s cost of attendance. The amount awarded will be based on enrollment status according to the following schedule:
12+ hours, up to $500/, 9 – 11 hours, up to $375/4 – 8 hours, up to $250/3 hours or less, up to $125/MBA with 10 hours, up to $500/ MBA with 6 hours, up to $375/MBA with 4 hours, up to $250.
Martin Methodist College wants to make these funds available to all Title IV eligible students (those eligible to file a FAFSA-regardless of type of aid received, if any).
An application was emailed to MMC Students with specific information regarding applying for these funds and is included here. Students who have questions may contact:
- Robby Shelton
APPLICATION FOR CARES ACT STUDENT EMERGENCY FUNDS – Click Here
CARES ACT-INSTITUTIONAL FUNDS REPORTING