Federal CARES Act Quarterly Reporting Disclosure – April 10, 2023

Federal CARES Act Quarterly Reporting Disclosure – April 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 and 81% was disbursed as of April 10, 2023. In fall 2021, students were automatically selected and awarded HEERF III funds. The total for fall 2021 equaled $1,870,894.50. 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.

In spring 2023, as of April 10, 2023, we disbursed $5,736,330. All students were sent an electronic survey to complete with a deadline of January 31, 2023. Pell grant recipients received $1,608 and all other students received $1,063. Below is a copy of the email. (Students who did not complete the electronic survey, automatically received a refund.)

From: VSU Office of Financial Aid <noreply@qemailserver.com>
Sent: Thursday, January 12, 2023 6:21 PM
Subject: HEERF Financial Support Application

Greetings from Virginia State University!

We are writing to let you know of opportunities for financial support that we strongly encourage you to pursue.

You may be eligible to receive financial support from the federal government. HEERF III, authorized by the American Rescue Plan Act of 2021 and passed by the federal government, which provides emergency assistance to college students.

Financial support for students may be used for any component of the student’s cost of attendance. It may also be used for emergency costs due to COVID-19, such as tuition, fees, past-due balance, housing, food, books and health care. Spring 2023 Pell grant recipients will receive $1,608 and all other students will receive $1,063.

To receive funds, each student must fill out a CARES Application (HEERF III) Request Form follow this link to the Survey:

Follow this link to the Survey:
Take the Survey

Or copy and paste the URL below into your internet browser:
https://vsu.az1.qualtrics.com/jfe/form/SV_0UvtHWWRybkSZJc?Q_DL=kSyD7Ypuacek4QA_0UvtHWWRybkSZJc_CGC_4mKfxtwFS8ChjGC&Q_CHL=email

Application requests are due by January 31, 2023. 

If you have questions, contact the Financial Aid Office at 804-524-5990 or email finaid-covid19@vsu.edu. The Student Accounts Office may be reached at (804) 524-5506 or email bursar@vsu.edu .

The remaining $1,748,451.50 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 March 31, 2023. View attached report.