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Financial Aid COVID-19

All Events

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 $305,000 Higher Education Emergency Relief Funds (HEERF) to students under Section 18004(a)(1) of the CARES Act as of May 22, 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 610.
  5. As of May 18, 2020, Grayson College has disbursed emergency financial aid grants to 610 students.
  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
  7. All Instructions, directions, or guidance provided by Grayson College to the students concerning the Higher Education Emergency Relief Funds (HEERF) grants are listed above.

 

 

 

Last Updated: May 18, 2020

 

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