Federal CARES Act Quarterly Reporting Disclosure - January 10, 2022
The following is Virginia State University’s Required Quarterly Reporting for Funds Received under Section 18004(a)(1) of the CARES Act for the Quarter Ending December 31, 2021.
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.
As of June 30, 2021, Virginia State University awarded $6,855,810 to 6,961 students; 729 of these students received additional emergency grant funds.
Virginia State University estimates that it had up to 7,357 potentially eligible undergraduate, graduate, and professional students. This estimate was based on the students enrolled for the spring 2020 and spring 2021 semesters.
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.
Virginia State University estimates 4,261 out of 4,300 potentially eligible undergraduate, graduate, and professional students received the HEEF III funds. This estimate was based on the students enrolled for the fall 2021 semester.
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 details the spending for the December 31, 2021 quarter. Click here to view attached report.