CARES Act Funding Disclosure - Spring Semester 2021
As part of the CARES Act, the US Department of Education (ED) recently authorized additional emergency funding to colleges and universities across the United States. Wittenberg University signed and returned the certification and agreement form to the US Department of Education to receive funds from the CARES Act. Wittenberg University has been allocated $1,728,770 in funding and 50% of that funding was earmarked for immediate student distribution.
This funding, based on federal guidelines, was provided to students who are eligible for Title IV federal financial aid as defined by the FAFSA. The funding was provided to offset any costs that students may have incurred during the global health pandemic. The formula ED used to determine the funds available for Wittenberg students was based on the number of Pell-eligible students enrolled and our total enrollment. The CARES Act and ED’s guidance ask us to distribute funds to those most in need and use Pell-eligibility as one measure of that. Students were awarded CARES Act funds based on the following award structure:
Full-time, Pell-eligible: $1,050
Full-time, not Pell-eligible: $595
Part-time, Pell-eligible: $400
Part-time, not Pell-eligible: $250
Eligible based on program: $250
During our assessment of student eligibility, we determined that 1,175 currently enrolled Wittenberg students met the criteria set by ED. The following metrics were used to determine student eligibility:
Students must have:
- filed a FAFSA before February 5, 2021,
- been enrolled for the current semester as of February 5, 2021, and
- been determined to have Federal Title IV aid eligibility.
Wittenberg disbursed $864,385 to the 1,175 eligible students on February 5, 2021. The CARES Act funds were disbursed to students via the refund preference they had selected through BankMobile on their Wittenberg OneCard. No funds were set aside for future use.