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Financial Aid COVID-19

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Required Reporting

  1. Grayson College acknowledges that the Institution has signed and returned to the Department of Education the Certification and Agreement and attests that we intent to use no less than 50% of the funds received under Section 18004(a)(1) of the CARES Act to provide emergency financial aid grants to students.
  2. Grayson College has received funds totaling $2,157,844 through the Coronavirus Aid, Relief, and Economic Security (CARES) Act.  Of the funds received, $1,078,922 must be distributed directly to students to help with expenses due to the disruption of campus operations during the COVID-19 pandemic.
  3. Grayson College has distributed the following Higher Education Emergency Relief Funds (HEERF) to students under Section 18004(a)(1) of the CARES Act:
    • $305,000 to 610 students on May 22, 2020 
    • $263,000 to 526 students on June 3, 2020
    • $24,500 to 49 students on June 15, 2020
    • $65,000 to 130 students on June 29, 2020
    • $14,000 to 28 students on July 27, 2020
    • $36,500 to 73 students on August 4, 2020
  4. The estimated total number of students at Grayson College eligible to participate in programs under Section 484 in Title IV of the Higher Education Act of 1965 and therefore eligible to receive emergency financial aid grants under Section 18004(a)(i) of the CARES Act is 1,186.
  5. As of June 8, 2020, Grayson College has disbursed emergency financial aid grants to 1,416 students in the amount of $708,000.
  6. Grayson College made a decision that all pre-identified students would receive a set amount of $500.  Students that were pre-identified by the Grayson College Office of Financial Aid to receive HEERF grants met all of the following criteria:
    • U.S. Citizen, permanent resident, or eligible non-citizen
    • Valid Social Security Number
    • Registered with Selective Service (if you are male)
    • Have a High School Diploma or GED
    • Not have a federal or state conviction for drug possession or sale, with certain time limitations.
    • Enrolled in a regular academic program, degree or certificate
    • Meeting Satisfactory Academic Progress (SAP)
    • Not in default or owe an overpayment for a federal student loan and/or grant
    • File "as part of the original financial aid application process" a certification that includes:
      • A statement of educational purpose
      • Student's SSN
    • Have returned fraudulently obtained Title IV funds if convicted of or pled guilty or no contest to charges
    • Not have fraudulently received Title IV loans in excess of annual or aggregate limits
    • Have repaid Title IV loan amounts in excess of annual or aggregate limits if obtained inadvertently
    • Enrolled in at least one on-campus or hybrid class in the perspective semester.
  7. Students are pre-selected based on eligibility criteria outlined above (Step 6).  Prior to August 31, 2020 an application is not utilized to determine eligibility for 2019-2020 recipients.  Students who were pre-identified are sent an award notification outlining eligibility criteria, directions for use of funds, guidelines, and funding amounts.  After September 1, 2020, students will be required to complete a simple online application for the Office of Financial Aid to determine eligibility for the 2020-21 academic year, however, criteria won't change.  Notifications will be sent to all currently enrolled Fall 2020 students via their student email address and a text message to let them know when the application cycle opens up.  The application available after September 1, 2020 will also list all eligibility criteria mentioned above (Step 6) as well as the student's attestation to use the grant funds to cover COVID-19 related expenses.
    • Click here to access our COVID-19 FAQ
    • Click here to access our COVID-19 webpage
    • If you have questions about HEERF Grant funds please contact the Office of Financial Aid via email at financialaid@grayson.edu.

 

 

Last Updated: August 4, 2020

 

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