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Federal CARES Act Funding

Drexel University was awarded $6,589,634 from the Federal Coronavirus Aid, Relief and Economic Security (CARES) Act to assist students with expenses related to disruptions of their educations due to the COVID-19 outbreak, such as unanticipated travel, additional technology requirements, or other needs related to an emergency situation.

Federal Emergency Aid Grant Reporting

Each institution receiving CARES Act funds is directed to comply with Section 18004(e) of the CARES Act and submit an initial report (the “30-day Fund Report”) to the Secretary thirty (30) days from the date of the institution's Certification and Agreement to the Department. The '30-Day Fund Report' information follows:

  1. Drexel University signed and returned to the Department the Certification and Agreement on May 4, 2020. The University 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. The University received $6,589,634 on May 12, 2020, from the Department pursuant to the institution's Certification and Agreement for Emergency Financial Aid Grants to Students.
  3. The total amount of Emergency Financial Aid Grants distributed to students under Section 18004(a)(1) of the CARES Act as of August 3, 2020 is $4,350,000.
  4. 11,205 students enrolled in the Spring 2020 semester or quarter were 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.
  5. As of August 3, 2020, 4,522 students have received an Emergency Financial Aid Grant to students under Section 18004(a)(1) of the CARES Act.
  6. The University will award CARES Act funds to eligible students who submit an application to confirm and attest to having been impacted by Covid-19. Eligible students who receive a Pell Grant or demonstrate need above $20,000 will receive $1,000, while all other eligible students with demonstrated need between $15,000 and $20,000 will receive $500.
  7. Eligible students will be notified of fund availability via email and a DrexelOne Announcement.

FAQs

Who is eligible for a Federal CARES Act Emergency Grant?

  • Enrolled, degree seeking students at Drexel University may receive awards under the COVID-19 CARES Act.
  • Had expenses related to the disruption of campus operations due to COVID-19, such as food, housing, course materials, technology, health care, child care, or other related expenses.
  • All Pell grant recipients and undergraduate, graduate, and professional students who did not receive a Pell grant but who had at least $15,000 of unmet institutional need.
  • Unfortunately, the CARES Act does not allow these funds to be used for Drexel Online, International, PhD, Certificate, or DACA students.

How do I apply for the Federal Emergency Aid Grant?

Information about applying for these funds will be emailed to eligible students when funding becomes available. A link to the application will be included in the email. Once an application is reviewed and a decision is reached, you will receive a notification to your Drexel e-mail address.

Drexel Online, International, PhD, Certificate, and DACA students are not eligible to receive funds from the CARES Act; however, a separate application is available for these students seeking emergency funds through Drexel's Student Emergency Fund.

Does emergency funding apply to graduate students?

Yes, graduate students that meet the eligibility criteria are welcome to apply for the CARES Act Emergency grant.

Do I have to complete a FAFSA to be considered for CARES ACT Emergency Grants?

No. The Department of Education does not require a FAFSA to be on file to receive CARES Act Emergency Grants.

What is the CARES/Higher Education Emergency Relief Fund and how does it apply to students?

Under the CARES Act, the U.S. Department of Education has allocated $6.5 million from the Higher Education Emergency Relief Fund to Drexel University to provide emergency grants directly to students. The emergency grants will assist students "to cover expenses related to the disruption of campus operations due to coronavirus, including eligible expenses under a student's Cost of Attendance (COA), such as food, housing, course materials, technology, health care, and child care."

When will students receive funds?

Student’s should receive funds within 7-10 business days of submitting their complete application.

Do I have to repay a Federal Emergency Aid Grant?

You would not have to repay the amount awarded to you. The Federal Emergency Aid Grant funds are designed to be a grant, not a loan.

How much money is available for each applicant?

The University awarded CARES Act grants to on campus students who fell into one of the following categories: (1) Pell grant recipients; (2) undergraduate, graduate, and professional students who did not receive a Pell grant but who had at least $15,000 of unmet institutional need. Unmet institutional need is defined as direct cost (tuition, fees, room, and board for resident students or tuition and fees for commuting students) minus Expected Family Contribution or EFC, minus all grant, scholarship, subsidized loan, federal work study, and graduate assistantship financial aid awards. The EFC that was used is derived from the CSS Profile if it was submitted for 2019-20. If it was not submitted, the EFC is taken from the Free Application for Federal Student Aid (FAFSA).

The University will award CARES Act funds to eligible students who submit an application in two amounts. Those students receiving a federal Pell Grant and all other eligible students with a demonstrated need above $20,000 will receive $1,000, while all other eligible students with a demonstrated need between $15,000 and $20,000 will receive $500.

Do I need to report financial aid or grants on my federal tax return?

The IRS issued FAQs on the Higher Education Emergency Relief Fund and Emergency Financial Aid Grants under the CARES Act that clarifies that CARES Act aid should be treated as a "qualified disaster relief payment" and not be treated as taxable income. Each financial award you receive from the federal government and other sources will have separate and unique tax consequences for your federal tax return. Visit the https://www.irs.gov/IRS website for assistance.

Are international students eligible for CARES Act Emergency Grant?

No. The Department of Education requires that students meet federal financial aid eligibility criteria. International students can apply for support through Drexel's Student Emergency Fund.

I am an online student. Am I eligible to receive the CARES Act Grant?

No, this grant is available only to on-campus students. Online students can apply for support through Drexel's Student Emergency Fund.

Are students guaranteed to receive funding upon submitting an application?

No. Both the CARES Act funding and institutional funding are limited.

What if a student owes Drexel University money?

Federal emergency grants will NOT pay any existing charges owed to the university. Students may, however, use these funds to pay expenses related to disruptions to their educations due to the COVID-19 outbreak, such as unanticipated travel, additional technology requirements, or other needs related to an emergency situation.

Are CARES Act funds available to incoming students that are beginning in Fall 2020?

No. You must have been enrolled as a fulltime student at Drexel University at the time of the disruption to request assistance.

I was not enrolled at Drexel during the Spring 2020 quarter or semester. Will I be eligible for the CARES Act funding?

No. You must have been enrolled as a fulltime student at Drexel University at the time of the disruption to request assistance.

Can I receive multiple grants from the CARES act funding?

No. Funding is limited to one grant per eligible student.

I was on co-op during the spring term. Am I eligible to receive the CARES Act Grant?

Yes, students are still considered full-time, enrolled students while on co-op, so they are welcome to apply for the CARES Act Emergency Grant.

I graduated from the Drexel College of Medicine or Kline School of Law this spring. Am I eligible for the CARES Act Grant?

The Department of Education (DOE) has issued additional guidance clarifying that students who graduated in the 2020 spring term are eligible to be considered for Federal CARES Act Emergency Grant funding. Eligible students have been notified via email. A link to the application has been included in the email. Once an application is reviewed and a decision is reached, you will receive a notification to your Drexel e-mail address.