As a result of the CARES Higher Education Emergency Relief (HEERF) Certification and Agreement that Colorado State University signed and submitted to the Department of Education in April, CSU was granted a total of $17,693,711 under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. At least 50 percent of the funds received from the CARES Act ($8,846,855) will be allocated directly to students in the form of Emergency Financial Aid Grants for expenses related to the disruption of campus operations due to coronavirus.
As of July 30th 2020, CSU has disbursed a total of $6,169,250 in Emergency Financial Aid Grants to 5,426 students. An estimated total of 17,056 students at CSU are eligible to receive Emergency Financial Aid Grants under Section 18004(a)(1) of the CARES Act.
These grants range from $500-$1,500 depending on demonstrated financial need provided in a student’s financial aid application. More details about how this program works at CSU and eligibility for funds is available below.
As a result of the university going to an online format after March 25rd, the university also used these funds to reimburse for refunds provided to students for room and board. In total, the university reimbursed $13,468,166 back to students for room and board (including apartment rents) and dining charges to cover the period after online classes started.
For more information on the HEERF, please visit the Department of Education’s CARES Act: Higher Education Emergency Relief Fund page.