Federal CARES Act Quarterly Reporting Disclosure – January 10, 2023
CARES Act Student Funding
VSU signed the Certification Agreement for the Higher Education Emergency Relief Fund (HEERF) on April 11, 2020 and submitted the Certification Agreement on April 16, 2020.
HEERF I Funds totaled $3,427,905 and was disbursed 100% as of July 31, 2020. Students were automatically selected and awarded 90% of the funds. Pell eligible students enrolled in spring 2020 received $995 in emergency aid. Other Title IV students received $565. (Please note: the Federal Pell Grant is usually awarded to undergraduates who have a high degree of unmet financial need. This is determined through the FAFSA application, in which the U.S. Department of Education examines the income and assets of the student and their family.) The remaining 10% of the student funds were distributed to students for emergencies via an application process. Students were communicated about the Federal CARES Act funds via email, website and other VSU social media.
HEERF II Funds totaled $3,427,905 and was disbursed 100% as of June 30, 2021. Students were automatically selected and awarded 90% of the funds. Pell eligible students enrolled in spring 2021 received $1,130 in emergency aid. Other Title IV students received $573. (Please note: the Federal Pell Grant is usually awarded to undergraduates who have a high degree of unmet financial need. This is determined through the FAFSA application, in which the U.S. Department of Education examines the income and assets of the student and their family.) The remaining 10% of the student funds were distributed to students for emergencies via an application process. Students were communicated about the Federal CARES Act funds via email, website and other VSU social media.
VSU received HEERF III Funds on May 14, 2021 for $9,355,676. Students were automatically selected and awarded. All students that received a fall 2021 Pell grant disbursement (undergraduate) received $535.50. All other students received $309. (Please note: the Federal Pell Grant is usually awarded to undergraduates who have a high degree of unmet financial need. This is determined through the FAFSA application, in which the U.S. Department of Education examines the income and assets of the student and their family.) Students were communicated about the Federal CARES Act funds via email, website and other VSU social media. The remaining $7,484,781.50 will be disbursed at a later date. Once the awarding procedure is established, it will be posted to this website, https://www.vsu.edu/news/coronavirus/index.php. In addition, an e-mail communication will be sent to the VSU student body.
CARES Act Institutional Funding
Virginia State University received $20,049,784 and $42,483,552 in Institutional support funds through the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
The attached report is Virginia State University’s Quarterly Budget and Expenditure Reporting for all HEERF I, II, and III grant funds for the Quarter Ending December 31, 2022. View attached report.