Higher Education Emergency Relief Fund Reporting – Emergency Financial Aid Grants to Students
Thirty Day Report and Disclosure
St. Thomas University
St. Thomas University (STU) acknowledges it signed and returned the Certification and Agreement to the U.S. Department of Education on April 12, 2020. STU assures it has used more than 50% of the funds allocated to provide Emergency Financial Aid Grants to students.
- Total amount of funds STU received from the U.S. Department of Education for grants to students is $648,190.00.
- Estimated total number of STU students 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 under Section 18004(a)(1) of the Cares Act is 1,019.
- Total number of students who have received an Emergency Financial Aid Grant under Section 18004(a)(1) of the Cares Act is 880.
- The methods STU used to determine which and how much students would receive in Emergency Financial Aid grants are as follows:
- Full-time enrolled students in a traditional program (main campus/blended) during the Spring 2020 term.
- Eligible for funding under Title IV of the Higher Education Act of 1965.
- Awards are allocated based on criteria below.
- Full-time Undergraduate PELL Eligible student with 0 EFC = $900.00/student.
- Full-time Undergraduate PELL Eligible student with 1 or higher EFC = $650.00/student.
- Full-time Undergraduate Title IV – Non-PELL Eligible student = $200.00/student.
- STU created Archbishop Fund. Students are eligible to apply for Archbishop funds and express their financial need in the application. Funds will be awarded on a case by case basis.
- Instructions, directions and guidance to students concerning the Emergency Financial Aid Grants was provided via Student Portal, University email, publications on University website. Application and instructions to complete Archbishop Fund Application is provided on the COVID-19 section of university website.