CARES Act: Transparency Information
The Coronavirus Aid, Relief, and Economic Security (CARES) Act includes a Higher Education Relief Fund (HEERF). Indiana Tech signed and submitted the Certification and Agreement Form to the U.S. Department of Education on April 25, 2020. We were then allocated $3,337,000 from this fund. No less than half of this fund ($1,668,500) will be awarded directly to students for disruption of campus activities related to the coronavirus. The remaining amount of the fund can be used to cover institutional expenses related to COVID-19.
CARES Student Grants
These emergency grants are non-renewable cash awards given directly to students for expenses such as, but not limited to, food, housing, course materials, technology, health care and child care.
Indiana Tech opened up the application process on April 22, 2020 via the website https://financialservices.indianatech.edu/cares/
An email was also sent out to the 1,933 potentially eligible students notifying them of the application and its process.
Our first refund to students was made on April 30 and consisted of 315 students.
Subsequent refunds have gone out on a weekly basis based on student applications.
On June 25th, refunds of $500 were sent to our 1,656 eligible students. This amount was in addition to any amount they may or may not have received via the application process.
In total, 1,658 students have been determined to be eligible to receive CARES funding.
Student Eligibility Criteria
To be eligible for the emergency grant, a student must meet all of the following criteria.
- US citizen or eligible non-citizen
- DACA and International students are not eligible
- Students enrolled exclusively in online courses on March 13, 2020 are not eligible
- Student must be Title IV eligible
Application, Review, and Disbursement Process
- Students begin the process by completing the online application located at: https://financialservices.indianatech.edu/cares/
- The applications are imported from the website, sorted, and eligibility is determined by the Director of Student Financial Services.
- Students that are ineligible due to citizenship, online enrollment, non-enrollment, etc. are notified via email.
- If sufficient information is not provided in the application for the Director to approve, the application is reviewed by the University Review Committee.
- If the application is still not able to be approved, the student is notified via email that they are ineligible unless additional information can be provided.
- Approved applications information is processed by the Business Office and funding put onto their BankMobile account.
- All approved students will be notified via email before funding is placed into their account.
- At this time, the maximum amount a student can receive via application is $1,000 in order to ensure that all students demonstrating need can be assisted.
Expenses That Can Be Funded
These funds are meant to help students pay expenses for technology, health care, child care, course materials, rent, food, moving, or other expenses incurred due to the Coronavirus pandemic. If a student is incurring a larger out-of-pocket cost due to the pandemic, they should complete an application.
Grants Awarded to Date
The table below summarizes the total grants awarded by Indiana Tech.
|Total Amount and Number of Students|
|Date||Total Amount||Number of Students|
|As of April 2, 2021||$1,668,500||1742|
CARES Institutional Grants
The report below outlines the use of CARES Institutional Grant funds to cover expenses incurred due to COVID-19 through the quarter ending March 31, 2021.