Coronavirus Aid, Relief and Economic Security (CARES) Act Emergency Financial Aid Grants Required Disclosures

Required Disclosures

1. SVSU acknowledges that the institution signed and returned to the US Department of Education the Certification and Agreement on April 28, 2020. SVSU assures that the university has used, or intends to use, no less than 50 percent of the funds received under Section 18004(a)(1) of the CARES Act to provide emergency financial aid grants to students.

2. SVSU will receive $3,455,532 from the US Department of Education pursuant to the institution’s Certification and Agreement which will be used to provide emergency financial aid grants to eligible SVSU students.

3. The following is the total number of students who have received an Emergency Financial Aid Grant to students under Section 18004(a)(1) of the CARES Act:

• May 28, 2020 (cumulative): -0-
• July 12, 2020 (cumulative):
• August 26, 2020 (cumulative):

4. The estimated total number of students enrolled at SVSU for Winter semester 2020 as of March 13, 2020 that are, or could be, 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 to students under Section 18004(a)(1) of the CARES Act:

• 6,764 – This excludes students enrolled exclusively online as of March 13, 2020.

5. The following is the total amount of emergency financial aid grants distributed to students under Section 18004(a)(1) of the CARES Act as of:

• May 28, 2020 (cumulative): -0-
• July 12, 2020 (cumulative):
• August 26, 2020 (cumulative):

6. The following is the method used by SVSU to determine which students receive emergency financial aid grants and how much they would receive under Section 18004(a)(1) of the CARES Act:

• On Wednesday, June 3, 2020, SVSU sent emails to 6,764 potentially eligible students informing them of the availability of the CARES Act emergency financial aid grants.  The email provided a link to an online application the student could use to certify that they met certain eligibility requirements and had eligible expenses and to indicate the amount being requested, up to $450.  When the application is received, the university will determine eligibility and award the amount requested, up to $450.

7. The following are copies of instructions, directions, or guidance provided by the institution to students concerning the Emergency Financial Aid Grants.

• Email to potentially eligible students. The CARES Act Emergency Financial Aid Grants Email Announcement (84KB)
• Frequently Asked Questions for SVSU Students: SVSU Frequently Asked Questions - CARES Act Emergency Financial Aid Grants (121KB)