CARES ACT- Emergency Relief Grant

Announcing Availability of CARES Act

COVID-19으로 인해  진행하던 캠퍼스 수업을 온라인으로 수강하게 된  영주권 이상의 학생들은(학사 & 석사 과정)

연방정부의 Emergency Grant를 신청할 수 있습니다.

학기초부터 100% 온라인 과정을 수강하던 학생들은 해당되지 않습니다.
해당학생들은 아래의 신청서 양식을 작성, Financial Aid Office (Fsa@ptsa.edu)에 제출합니다.
마감일: 5월 15일
신청 절차에 대해 문의사항이 있으신 분은 담당자에게 연락 바랍니다.  (김선주 실장 fsa@ptsa.edu)

The Coronavirus Aid Relief and Economic Security Act, or CARES Act, was passed by Congress and signed into law to provide economic relief from COVID-19.

The CARES Act Higher Education Emergency Relief Fund-IHE/Student Aid provides funding for institutions to provide emergency financial aid grants to students whose lives have been disrupted, many of whom are facing financial challenges and struggling to make ends meet.

The CARES Act grants will be made available to students based on the Expected Family Contribution (EFC) reported in a student's Free Application for Federal Student Aid (FAFSA) for 2019-20 or 2020-21. Consistent with the U.S. Department of Education terms and guidance, distribution will be based on a tiered approach for students depending on those with the greatest need, according to their EFC or Number of units.

In the initial distribution, undergraduate, graduate students who are enrolled exclusively in on-campus degree programs during the Spring 2020 semester that meet the criteria established by the U.S. Department of Education and have completed their FAFSA for 2020 or 2021 are eligible for these emergency grants.

Eligibility

All currently registered spring semester students (undergraduate & graduate) who meet the following criteria are eligible to apply:
Students who meet the criteria and complete a FAFSA are eligible for an emergency grant on a first-come, first-served basis until funding is exhausted.

• Must have a high school diploma or equivalent, such as a GED, or have completed homeschool through the 12th grade.


• Must be working on an approved degree that is at least 24 credits in length.


• Must be a U.S. citizen, or permanent resident.


• Must demonstrate an ability to take on-ground classes. Only taking classes online students who live out of state and have a history of only taking online classes are not eligible to apply


• Must not be in default of a federal student loan or owe a repayment of a federal grant.


• Must register with the Selective Service if a male, and at least 18 years old.


• Must have at least 2.0 cumulative GPA if a continuing student.

Other factors affecting eligibility and the amount awarded to students include:

• Current household size and income.


• The type of need indicated on the application form.


• The numbers of credits students are currently registered for.


• Funds are limited and PTSA does not guarantee that every student who is eligible will receive funding.

 

         Process

1. Students can use application form (see the attachment) and submit it to FSA office. (fsa@ptsa.edu)


2. Students file FAFSA.( https://studentaid.ed.gov/sa/fafsa)


3. Financial Aid Office might ask to submit verification document.

        Amount

Amounts vary, depends on the EFC.

If I receive funds, what can I spend them on?
Students may choose how they wish to spend the funds. The school will not tell students how to use the funds they receive.

Do the funds need to be repaid?

No, the funds do not need to be repaid.

Can this funding reduce my financial aid?

No, these funds are exempt from the maximum financial aid amount students may receive.

Can I apply for funding more than once?

Students may only apply once.

Is there a deadline to apply?

Funds are limited. The sooner students apply the more likely they are to receive funds.

May 11, 2020