CARES ACT – Federal Emergency Financial Aid Grant, Public Notice

Coronavirus (COVID-19) had created hardships for many people in our society, including students. Many students or their parents have lost jobs making it difficult for them to cover living expenses such as food, housing, medical bills and childcare.  So the Federal Government passed a law providing “stimulus” money for college students under the CARES Act. 

Mount Mary University received $578,637 of such funding under the CARES Act on April 27, 2020. All of these funds have been awarded to students in the form of grant aids for use at their discretion consistent with the provisions of the Act.

As of August 26, 2020 a total of 757 students from a population of 1,007 eligible students have received checks in varying amounts using the entire amount funded of $578,637.

The University’s method to determine which students were provided the Emergency Financial Aid Grants, and the level of aid provided, included such criteria as their level of financial need (based on information supplied in connection with financial aid filings), whether the student has dependent family members, or other’s whom expressed a need, documented through an aid request form were made available by the University to all students.

The University sent out a notice with each grant check explaining the source, intentions and requirements related to the funds. Students were advised that the funds were Federal grants intended to be used for their personal needs such as food, housing, medical bills and childcare, and that the funds do not need to be repaid. 

In addition the University received another Cares Act “stimulus” funding (PL 116-136 Title VIII Coronavirus Aid, Relief, and Economic Security Act) in the amount of $578,636 to be used for COVID-19 related items. As of December 31, 2020 Mount Mary University has funded necessary COVID-19 items in the amount of $445,919.

Another Cares Act “stimulus” funding (PL 116-136 Title VIII Coronavirus Aid, Relief, and Economic Security Act) in the amount of $83,775 was all expended for COVID-19 related items such as additional technological hardware for students, such as laptops or tablets, classroom equipment to enable social distancing, and additional instructional equipment and supplies for the classrooms.

Mount Mary University – Quarterly Budget and Expenditure Reporting under the Cares Act as of December 31, 2020

Mount Mary University – Quarterly Budget and Expenditure Reporting under the Cares Act as of September 30, 2020