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:

Winter 2020 Semester:

• May 28, 2020 (cumulative): -0-
• July 12, 2020 (cumulative): 3,211
• August 26, 2020 and September 30, 2020 (cumulative): 3,827

Fall 2020 Semester:

• November 20, 2020:  4,105

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:  6,766 – This excludes students enrolled exclusively online as of March 13, 2020.

The estimated total number of students enrolled at SVSU for Fall semester 2020 as of Officials 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:  7,347 – This excludes students enrolled in an exclusively online program. 

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:

Winter 2020 Semester:

• May 28, 2020 (cumulative): -0-
• July 12, 2020 (cumulative):  $1,369,418.95
• August 26, 2020 and September 30, 2020 (cumulative):  $1,632,165.95

Fall 2020 Semester:

• November 20, 2020:  $1,823,366.05

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:

• Winter Semester 2020 - 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 was received, the university determined eligibility and awarded the amount requested, up to $450.
• Fall Semester 2020 - On Monday, October 5, 2020, SVSU sent emails to 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 was received, the university determined eligibility and awarded 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.

Winter 2020:

• Email to potentially eligible students. The CARES Act Emergency Financial Aid Grants Email Announcement (84KB)
• CARES Act Chatbot Communications (212KB) sent to potentially eligible students that had not yet applied for the CARES Act emergency financial aid grant. 
• CARES Act Follow-up Email Reminder (46KB) to potentially eligible students that had not yet applied for the CARES Act emergency financial aid grant.
• Frequently Asked Questions for SVSU Students: SVSU Frequently Asked Questions - CARES Act Emergency Financial Aid Grants (130KB)

Fall 2020:

• Email to potentially eligible students. The CARES Act Emergency Financial Aid Grants Communication Fall 2020.pdf (138KB)
• CARES Act Chatbot Communications FA20 (546KB)  sent to potentially eligible students that had not yet applied for the CARES Act emergency financial aid grant. 
• CARES Act Follow-up Email Reminder FA20 (139KB) to potentially eligible students that had not yet applied for the CARES Act emergency financial aid grant.
• Frequently Asked Questions for SVSU Students:  SVSU Frequently Asked Questions - CARES Act Emergency Financial Aid Grants Fall (94KB)

Other CARES Act Grants

The University also received a Higher Education Emergency Institutional Relief Funding grant in the amount of $3,455,532 under Section 18004(a)(1) of the CARES Act and a Title III Strengthening the Institutions Relief Funding grant in the amount of $342,446 under Section 18004(a)(2) of the CARES Act.  The required reports can be accessed below: 

CARES Act Quarterly Budget and Expenditure Report for the Period Ended September (184KB)  

CARES Act Quarterly Budget and Final Report for the Period Ended Dec 31, 2020 (183KB)