The Coronavirus Assistance, Relief and Economic Security (CARES) Act was approved by Congress and includes support for higher education, including emergency grants for students facing expenses due to COVID-19.
The University acknowledges that it has signed and returned the Certification and Agreement to the Department of Education and has used the required 50 percent of the funds received to date under Section 18004(a)(1) of the CARES Act to provide Emergency Financial Aid Grants to students.
These funds provide direct emergency assistance for OSU students. OSU's goal is to assist students with the greatest need, in accordance with federal guidelines. All funds, both student and institutional portions, have been expended and reported.
Total CARES Act funds received: $15,595,493
Total federal CARES Act funds awarded to students: $7,779,999
Number of students eligible to participate in Title IV: 17,045
Number of OSU students who received federal CARES Act grants: 3,657
Students must have submitted a 2019-20 Free Application for Federal Student Aid (FAFSA) and must meet all of these federal aid eligibility requirements.
Students must have enrolled at OSU for the spring 2020 quarter.
Students may be undergraduate, graduate or professional students and must be enrolled in a degree program or an eligible graduate certificate program.
Students must submit an Emergency Funding Request (EFR) and identify qualifying expenses.
Students with an EFC (expected family contribution) up to $20,000 received the amount of aid they requested on their (EFR).
Students with an EFC above $20,000 received the lesser of their EFR or $1000.
Students were notified by email and on the OSU website that emergency aid was available. The email and website included information about who was eligible and how to access the required application.
Reporting on institutional share of the CARES Act funding