CARES Public Disclosure

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CARES Public Disclosure

Criteria required for public disclosure:

 

  1. An acknowledgement that the institution signed and returned to the Department the Certification and Agreement and the assurance that the institution has used, or intends to use, no less than 50 percent of the funds received under Section 18004(a)(1) of the CARES Act to provide Emergency Financial Aid Grants to students. View Here

  2. Method used to determine eligibility: Student to submit a FAFSA for the 2019-2020 Award year and be TITLE IV eligible.

  3. Method used to determine amount awarded :
    The amount of money disbursed to students was determined using the methodology below:
    Each full-time, non-Pell eligible student was disbursed $448; full-time Pell eligible students were disbursed an additional 40.4%, bringing the total disbursement to $629.
    Disbursements to students were rounded up to the nearest whole dollar.
    Part-time students received prorated disbursements, based on credit hours billed, at a rate of 75% that of a full-time student.
    Undergraduate students are considered full-time when enrolled for 12 or more credits while graduate students are considered full-time when enrolled for 9 or more credits. These values were used in prorating the disbursements. For example, a part-time undergraduate non-Pell eligible student enrolled in 3 credits would be disbursed $84 (= 3/12*.75*448).

    Full Time

    Full Time
    $448.00
    FT
    $629.00
    FT Pell


    Part Time

    Undergraduate

    Credits
    No Pell
    Pell
    3
    $84.00
    $118.00
    4
    $112.00
    $158.00
    5
    $140.00
    $197.00
    6
    $168.00
    $236.00
    7
    $196.00
    $276.00
    8
    $224.00
    $315.00
    9
    $252.00
    $354.00
    9.5
    $266.00
    $374.00
    10
    $280
    $394.00
    10.5
    $294.00
    $413.00
    11
    $308.00
    $433.00

    Graduate

    Credits
    No Pell
    3
    $112.00
    4
    $150.00
    4.5
    $168.00
    5
    $187.00
    6
    $224.00
    7
    $262.00
    7.5
    $280.00
    8
    $299.00
  4. Instructions Guidance or Directions that was given to the students concerning the Emergency FA Grants: https://www.ccsu.edu/financialaid/CARES.html

  5. AWARDS:
    Total amount of award the institution received – 4,504,507
    Total amount that was awarded to students – $3,168,992
    Estimate the number of TITLE IV Eligible students – 6,945 as of 4/29/2020
    Total number of students who already received the award – 6,765 as of 4/29/2020

  6. Tallies:

A) As of 6/15/2020
Total amount awarded to institution: 4,504,507
Total amount awarded to students: 3,685,455
Total number of students who received the award: 6859
Total still available: 819,052

B) As of 7/30/2020
Total amount awarded to institution: 4,504,507
Total amount awarded to students: 3,691,823
Total number of students who received the award: 6869
Total still available: 812,684

C) As of 9/10/2020
Total amount awarded to institution: 4,504,507
Total amount awarded to students: 3,767,453
Total number of students who received the award: 7054
Total still available: 767,054

D) As of 10/23/2020
Total amount awarded to institution: 4,504,507
Total amount awarded to students: 3,778,680
Total number of students who received the award: 7057
Total still available: 725,827

E) As of 11/23/2020*

Total amount awarded to institution: 4,504,507
Total amount awarded to students: 4,487,433
Total number of students who received the award:7081
Total still available: 17,074

*Method used to offer award: Full-Time, Pell eligible, attended Spring 2020. $400 offered to each student.

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