CARES Act Grants to Students
The College of Mount Saint Vincent signed and returned the Department of Education’s Certification and Agreement for emergency grants funded by the CARES Act on April 11, 2020. The College was required to award $1,296,174 in emergency grants. On May 11, 2020 the College allocated emergency grants to 1,482 full time undergraduate students known to Title IV Eligible.
The number of students allocated emergency grants is the College’s known full-time Title IV eligible population minus 23 individuals, who were exempted because they were receiving full-tuition scholarships. The base grant was $900. Information from the FAFSA was utilized as an indicator of need for amounts in addition to the base award. The total amount of emergency grants allocated was $1,524,692.
A check was issued for each emergency grant. Students were required to accept the award in the College’s information management system and acknowledge that the funds were for expenses that are part of the cost of attendance. As of September 16, 2020, 1,468 students have accepted the award and acknowledged the purpose of the funds.