CARES Act Higher Education Emergency Relief Fund Reporting
The Coronavirus Aid, Relief, and Economic Security (CARES) Act includes a Higher Education Emergency Relief Fund that provided more than $14 billion in emergency funding to higher education. Of those funds, $6.28 billion has been allocated for the purpose of providing emergency financial aid grants to student for expenses related to the disruption of campus operations due to the COVID-19 crisis.
On April 14, 2020, Harvey Mudd College signed and returned the Certification and Agreement to the Department of Education to receive the Higher Education Emergency Relief Fund (HEERF) that was allocated to the college. Harvey Mudd College was allocated $516,332 and intends to use no less than $258,166, fifty percent of the funds received under Section 18004(a)(1) of the CARES Act, to provide Emergency Financial Aid Grants to Students.
The College has been reviewing guidance from the Department of Education and determining the methodology for distributing the funds to the eligible students in our remote working environment. Department of Education guidance indicates that the student must have filed a Free Application for Federal Student Aid (FAFSA) to receive funds from this program. As of December 31, 2020, Harvey Mudd College distributed $193,500 in emergency financial aid grants to eligible students. The amount distributed will be updated on this page no later than 10 days after the calendar quarter (January 10, April 10, July 10, and October 10) per the Department of Education’s reporting requirements.
The estimated total number of students at the institution eligible to participate in programs under Section 484 in Title IV of the Higher Education Act of 1965 is 489. The total number of students who have received an Emergency Financial Aid Grant to Students under Section 18004(a)(1) of the CARES Act is 489 as of December 31, 2020. The institution determined that Pell grant recipients will receive $750 and non-Pell grant recipients will receive $300 in Emergency Financial Aid Grants to Students under Section 18004(a)(1) of the CARES Act. For the remaining balance of Emergency Financial Aid Grant to Students, Harvey Mudd College will provide guidance to eligible students regarding how to apply for additional funds based on demonstration of a higher need. If you have additional questions, please contact the Office of Financial Aid.