The CARES Act was passed by Congress and signed into law to provide economic relief from COVID-19. One section of the CARES Act established the Higher Education Emergency Relief fund and provided funding to universities to use for emergency financial aid grants to students for expenses related to the disruption of campus operations due to the coronavirus. Saginaw Valley State University (SVSU) filed a Certification and Agreement with the US Department of Education to receive funds under the CARES Act. One of the requirements of the agreement is that SVSU make the following disclosures on our website:
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:
Fall 2020 Semester:
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:
Fall 2020 Semester:
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:
7. The following are copies of instructions, directions, or guidance provided by the institution to students concerning the Emergency Financial Aid Grants.
Winter 2020:
Fall 2020:
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)
Campus Financial Services Center
Wickes Hall 131A
cfsc@svsu.edu
(989) 964-4900
Scholarships & Financial Aid
Wickes Hall 141
cfsc@svsu.edu
(989) 964-4900
Office of the Registrar
Wickes Hall 151
registrar@svsu.edu
(989) 964-4085