CARES Act Grant
Charles R. Drew University of Medicine and Science was recently awarded $360,477 from the federal Coronavirus Aid, Relief, and Economic Security (CARES) Act. One part of this federal program allocates money to the university and a portion of that allocation can be awarded to students who are experiencing expenses due to the coronavirus. Approximately 50% of this funding has been allocated by the Department of Education to assist Spring 2020 enrolled students who are experiencing financial hardships due to the impact of the COVID-19 pandemic. These emergency funds are limited and priority will be given to undergraduate students who have demonstrated financial need. Funding is not guaranteed.
Who is eligible for a Federal CARES Act Grant?
Students who meet basic eligibility criteria for federal financial aid and have the greatest financial need will be considered for these funds. A FAFSA submission during the Spring 2020 term is required to determine eligibility.
Unfortunately, the CARES Act does not allow these funds to be used for international or DACA students.
What are the basic eligibility requirements for the Federal CARES Act Grant?
Below is a listing of basic eligibility requirements. Please note that additional requirements may be required dependent on the students situation.
- Enrolled in the Spring 2020 term
- Have submitted the 2019-20 Free Application for Federal Student Aid (FAFSA)
- Meet all Title IV eligibility requirements
- Demonstrated financial need on FAFSA
- Have completed the financial aid verification process, if selected
- Meet Satisfactory Academic Progress requirements
- Have utilized all available sources of financial aid, including federal student loans
How do I apply for the Federal CARES Act Grant?
Please visit the following link to complete the CDU Federal CARES Act Grant application.
How will funding be determined/calculated for eligible students?
The funds awarded to CDU were based off of two factors. The first factor allocates funds based on CDU’s full-time equivalent (FTE) undergraduate Pell Grant recipient enrollment (75% of awarded funds). The second factor allocates funds based on full-time equivalent (FTE) for undergraduate and graduate students who are not Pell Grant eligible (25% of awarded funds).
These same factors will also be utilized to determine eligibility for CDU students. Grants will be tiered based off of students class level (undergraduate/graduate), EFC (Expected Family Contribution) and enrollment status (full time, three-quarter time, etc.). With the following presented, priority and maximum funding will be awarded to full time, undergraduate students who have demonstrated financial need.
Will funds be available beyond Spring 2020 semester?
The first priority is to assist students who were enrolled and impacted by COVID-19 during the Spring 2020 semester. CDU has allocated 25% of funding to be withheld and awarded to students who are still experiencing hardships due to COVID-19 during the 2020-2021 Academic Year. As we progress through the summer, more information will be available for 2020-2021 funding.
Will my financial aid be impacted? Do I have to repay the Federal CARES Act Grant?
Your financial aid will not be impacted by this emergency grant. Typically, repayment of the grant is not required as the funds are designed to be a grant, not a loan.
Once approved, how will I receive the funding?
Checks will be issued by the Finance Office for all students who are eligible and qualify for funding. The approval and check issuance process will take approximately 2-3 weeks. Checks will be issued to the mailing address on file with CDU.
For Cares ACT Reporting, please click here