CARES Act FAQs
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. Point Park received a second designation of $ 1,596,542 in May 2020 from the federal COVID-19 relief bill (CARES Act). These funds were designated by the federal government to offset the University’s institutional costs related to the pandemic. Point Park applied the full designation towards costs incurred during the spring semester related to prorated student reimbursements of room and board charges.
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 Oct. 2, we awarded $1,432,255 to 2456 students. A history of what Point Park has awarded and when can be seen below.
- As of Sept. 25, we awarded $1,431,655 to 2454 students
- As of Sept. 18, we awarded $1,429,815 to 2452 students
- As of Sept. 11, we awarded $1,420,070 to 2432 students
- As of Sept. 4, we awarded $1,411,290 to 2419 students
- As of Aug. 28, we awarded $1,382,750 to 2384 students
- As of Aug. 21, we awarded $1,352,580 to 2321 students
- As of Aug.13, we awarded $1,308,503 to 2245 students
- As of Aug. 7, we awarded $1,225,068 to 2100 students
- As of July 27, we awarded $1,166,943 to 2004 students
- As of July 17, we awarded $1,145,518& to 1964 students
- As of July 10, we awarded $1,091,213 to 1871 students
- As of July 2, we awarded $1,043,603 to 1787 students
- As of June 26, we awarded $1,036,808 to 1776 students
- As of June 18, we awarded $1,015,223 to 1739 students
- As of June 12, we awarded $966,968 to 1649 students
- As of June 4, we awarded $925,653 to 1578 students
- As of May 29, we awarded $845,059 and 1436 students
- As of May 22, we awarded $700,759 to 1184 students
- As of May 15, we awarded $520,341 to 876 student
View Point Park's CARES Act quarterly report for Institutional and Strengthening Institutions funding (quarter ending September 30, 2020).
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.