In acknowledgement of Arkansas State University signing and returning its CARES Act funding on April 14, 2020, Arkansas State assures the following compliance under Section 18004(a)(1) of the CARES Act to provide emergency financial aid grants to students. Arkansas State received $4,629,079.00 to provide to its students, and was distributed in the following methods.
On Monday, May 11, 2020, a total of $3,994,542.00 of CARES Act funds were provided to 5,879 students. Of this total, 3,405 students received direct deposits totaling $2,446,183.00, and 2,474 students were issued checks totaling $1,548,359.00. This is within 30 days of the initial submission. As additional students were identified to participate after the first distributions, funds were issued to these students on May 14th ($21,186), May 22nd ($1,850) and May 29th ($925). The balance remaining balance of $611,501 was distributed to all participating students on June 17.
The total number of students initially identified as eligible to participate in programs under §484 in Title IV of the Higher Education Act of 1965 and thus eligible to receive emergency financial aid grants under §18004(a)(1) of the CARES Act was 5,879. Arkansas State University used the following method to determine eligibility and amounts provided. Students who were enrolled in the Spring 2020 semester, who have a 2019-2020 FAFSA on file, and who meet all Title IV requirements for Federal Student Aid are eligible for CARES Act grants, were eligible. The university also communicated twice with all students to encourage any potential students who had not completed the required forms to complete FAFSA prior to the May 11 distribution.
The distribution rubric assigned 75% of the funding to the 3,240 Pell Grant-eligible students at A-State ($925 per student) and 25% of the funding to the 2,639 non-Pell-eligible students ($378 per student).
The final planned distribution of $629,079.00 will be completed after June 1 with a second distribution to any additional students identified after the initial distribution using the same method of qualification and amounts. Any remaining balance will then be distributed to all students who qualified in the same proportion as what they originally received.
Instructions to students were provided via email from the Chancellor’s Office on Tuesday, May 5, 2020, and on Friday, May 8, 2020. These messages were also archived on the university’s Cornavirus Communications on the main website at AState.edu/safety/novel-coronavirus/campus-communications/.
Final distribution of the remaining CARES Act funds was completed to qualified students by June 17. This was communicated to students via email on June 15.