CARES ACT Section 18004(a)(1)
Emergency Financial Aid Grants to Students
Office of Financial Aid & Scholarships
Grand Valley State University received $9.1 million of CARES Act funding from the U.S. Department of Education to provide direct emergency assistance for GVSU students. Our first priority was to provide assistance to students with the greatest immediate financial need, in accordance with federal regulations. Students were asked to self-identify via an online financial hardship grant request form that was sent via email to all students on April 22, 2020. This form allowed students to identify the expenses they had related to the disruption of campus operations due to the Coronavirus (including eligible expenses under a student's cost of attendance, such as food, housing, course materials, technology, health care, and child care). Each application was reviewed on a case-by-case basis, based on the amount requested and the information provided. The amount each student received was based on their request.
The University acknowledges that it has signed and returned the Certification and Agreement to the Department of Education and has used 100 percent of the funds received to date under Section 18004(a)(1) of the CARES Act to provide Emergency Financial Aid Grants to students.
Total CARES Act funds received: $9,166,714
Total CARES Act funds awarded (paid as of 6/3/20): $9,166,714
Number of students eligible to participate in Title IV: 15,400
Number of GV students who received (as of 6/3/20): 7,076
Grant Disbursement & Refunds
CARES Act funds will be refunded to students directly. If you have already signed up for direct deposit of financial aid refunds, the money will come that way. If you have not signed up for direct deposit we encourage you to do so as soon as possible in order to receive your refund in a more timelier manner. For instructions, please visit: https://www.gvsu.edu/studentaccounts/direct-deposit-of-financial-aid-and-tuition-refunds-26.htm If you would like to use these funds to pay your GVSU student account balance, you may do that once you receive your refund.
Institutional Portion
The University received $9.1 million from the US Department of Education to offset unanticipated costs that were incurred as a result of the emergency shutdown in March 2020 due to COVID-19. A complete financial report can be accessed by clicking this link.