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What is the CARES Act, and how will it help students at Point Park?

The Coronavirus Aid, Relief and Economic Security (CARES) Act was passed by Congress and signed into law to provide economic relief from the Covid-19 pandemic. One section of the CARES Act established the Higher Education Emergency Relief fund, which provides money for colleges and universities including Point Park.  Point Park has signed and returned the Department of Education Certification and Agreement and has been awarded and received $3,193,085, $1,596,543 (half) of which is to be awarded directly to students as emergency financial aid grants.  The student grants are to be used for expenses related to the disruption of campus operations due to the pandemic.  We are estimating that a total of 2,643 students will qualify for these funds. As of May 22, we awarded $700,759 to 1184 students.

Will I qualify for funding under the federal CARES Act?

Undergraduate and Graduate/Doctoral students who meet basic eligibility criteria for federal financial aid and were enrolled during the Spring 2020 semester will be considered for these funds. Unfortunately, the U.S. Department of Education does not allow these funds to be used for international students, undocumented students, non-degree students or students enrolled in fully online programs. Any student who withdrew prior to March 13 will not be eligible. Money awarded will be paid directly to the student within 14 days of the funds posting to their student account.

Do I have to apply to receive CARES Act funding?

Yes, every eligible student needs to complete the application form on PointWeb.

Do I have to complete the FAFSA in order to receive CARES Act funding?

Yes, every student will need to complete the 2019-20 FAFSA in order to be eligible for a CARES ACT Grant. If you have not completed the 19-20 FAFSA, you can complete this at www.studentaid.gov.

How much money will I receive?

The federal government has provided Point Park a finite pool of money to distribute. The award amount will vary by enrollment status. Full-time undergraduate students can expect to receive up to $640. Full-time Graduate/Doctoral students can expect to receive up to $425. Part-time Undergraduate and Graduate/Doctoral students can also expect an award up to $400.

How can I receive my grant?

Direct deposit of the award into a checking account is the safest, quickest and most-efficient way to receive the funds when they are available. For instructions on setting up direct deposit please click here.  Students who do not elect direct deposit will have a paper check mailed to the address on the form.