Cares Act: 240-Day Report

240-Day Fund Report: Higher Education Emergency Relief Fund I

The College of Central Florida (CF) has been awarded $5,063,708 under the Coronavirus Aid, Relief, & Economic Security (CARES) Act. It was 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 was to be distributed to students. The other fifty percent will be used for allowable institutional needs.  In addition, the institution received $249,154 in SIP funds, of which $35,000 was disbursed to students as emergency aid.

• As of January 6, 2021:
  • CF has disbursed $2,566,854 to 4,505 students under Section 18004(a)(1) of the CARES Act.
  • Eligible students were those students who were eligible to participate in programs under Section 484 in Title IV of the Higher Education Act of 1965.
• Distribution occurred in three phases.
  • Spring 2020. All currently enrolled students at the time of determination who were 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 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 CF.edu portal after a student logs in) requesting additional assistance received 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 completed the application and requested additional funds beyond the $1000 for Federal Pell Eligible and the $600 for non-Federal Pell eligible could request additional assistance by contacting our Student Support Services center. They evaluated the application, the students’ previous assistance received, gather appropriate documentation and ensured the funding needs meet the criteria outlined under Section 18004(a)(1) of the CARES Act.  If deemed eligible, the student received up to $1,500 as a lifetime total for funding from the CARES Act.

The distribution breakdown for all funds in spring, summer, and fall 2020 is as follows:

• 616 students received $300
• 1 student received $400
• 767 students received $550
• 2829 students received $600
• 1 student received $950
• 216 students received $1000
• 1 student received $1400
• 6 students received $1500
  • In spring 2020, 3310 students were awarded
  • In summer 2020, 620 students were awarded
  • In fall 2020, 768 students were awarded CARES, 64 students were awarded SIP funds.