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Episode 53- BONUS CARES Act 2.0 and what you need to know

Feb 02, 2021

CARES Act money (CRRSAA is the new acronym)

Coronavirus Response and Relief Supplemental Appropriations Act

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January 14, 2021: The U.S. Department of Education announced today an additional $21.2 billion is now available to higher education institutions to ensure learning continues for students during the COVID-19 pandemic under the CRRSAA as HEERF II. Information pertaining to the 

  • If they applied last year, they don’t have to apply this year.
  • Profit, non profit, public, and private

https://www2.ed.gov/about/offices/list/ope/crrsaa.html

To find the amount awarded to each university may be  found at the above link.

Ball State-         $22 million with $7 min and 14.8 max million earmarked for students
Indiana University- $35 million with $12 min and 23.7 max million earmarked for students
Purdue University-  $33 million with $11 min and 22 max million earmarked for students
University of Illinois (Urb-Chpn)- $44.6 million with $15.7 min and 28.8 max million earmarked for students

https://www2.ed.gov/about/offices/list/ope/faqsfora1crrsaaheerfii.pdf 
How is the money awarded to students?
Unlike the CARES Act, the CRRSAA requires that institutions prioritize students with exceptional need, such as students who receive Pell Grants, in awarding financial aid grants to students. However, students do not need to be only Pell recipients or students who are eligible for Pell grants. In addition, the CRRSAA explicitly provides that financial aid grants to students may be provided to students exclusively enrolled in distance education. 

Institutions may not 

(1) condition the receipt of financial aid grants to students on continued or future enrollment in the institution, 

(2) use the financial aid grants to satisfy a student’s outstanding account balance, unless it has obtained the student’s written (or electronic), affirmative consent, or 

(3) require such consent as a condition of receipt of or eligibility for the financial aid grant

Question: How may students use their financial aid grants?

 Answer: Financial aid grants for students may be used for any component of the student’s cost of attendance or for emergency costs that arise due to coronavirus, such as tuition, food, housing, health care (including mental health care) or child care.

How to receive funds: set up direct deposit now.

https://www2.ed.gov/about/offices/list/ope/crrsaa.html

Students or Parents:

Students lost jobs now need money to pay bills
Parents lost jobs or reduced income. Need money to help cover tuition
More and/or faster internet
newer/better computer
Webcam
Headphones

Where to find applications:

Ball State applications- TBD But I’d check this website frequently. 

IU applications- here but it’s unclear if they are receiving applications for the most recent allotment or if this is lingering from the last application. I’d still try it. 

Purdue applications- Purdue University Division of Financial Aid Website says it will be available later in January. It is now Jan 29 :)

University of Illinois applications- TBD but I’d check this website frequently

 

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