Cares Act: 30- Day Report

30-Day Fund Report: Higher Education Emergency Relief Fund

• The College of Central Florida (CF) has been awarded $5,063,708 under the Coronavirus Aid, Relief, & Economic Security (CARES) Act. It is our goal to reach as many students as possible and comply with all U.S. Department of Education guidelines. Fifty-percent ($2,531,854) of those funds are to be distributed to students. The other fifty-percent will be used for allowable institutional needs.
• As of June 4, 2020:
  • CF has disbursed $1,995,400 to 3,573 students under Section 18004(a)(1) of the CARES Act.
  • Eligible students were those students who are eligible to participate in programs under Section 484 in Title IV of the Higher Education Act of 1965.
• Distribution has/ will occur in three phases.
  • Spring 2020. All currently enrolled students at the time of determination who were are eligible to participate in programs under Section 484 in Title IV of the Higher Education Act of 1965 received the following:
    • A Federal Pell Eligible student received $600
    • A non-Federal Pell Eligible student received $300
  • Summer 2020. Currently enrolled students at the time of determination who were are eligible to participate in programs under Section 484 in Title IV of the Higher Education Act of 1965 received the following:
    • Newly eligible students (those that did not receive it in Spring 2020) received $600 or $300 for Federal Pell Eligible and non-Federal Pell Eligible, respectively.
    • Students who completed the CARES Act Application (located in the MyCF portal after a student logs in) requesting additional assistance may receive additional funds.
      • A Federal Pell Eligible student is eligible for an additional $400 and a non-Federal Pell Eligible student is eligible for an additional $300.
      • Students who complete the application and request additional funds beyond the $1000 for Federal Pell Eligible and the $600 for non-Federal Pell eligible may request additional assistance by contacting our Student Support Services center. They will evaluate the application, the students’ previous assistance received, gather appropriate documentation and ensure the funding needs meet the criteria outlined under Section 18004(a)(1) of the CARES Act.  If deemed eligible, the student may receive up to $1,500 as a lifetime total for funding from the CARES Act.

Information regarding CARES Act funds were sent to students via direct email, on social media, and information is posted on our website at https://www.cf.edu/community/pr/college-update/COVID-19-FAQS#cares.