Atlantic University College has signed an agreement with the Federal Department of Education to receive the funds allocated under section 18004(a)(1) of the CARES Act. This Act establishes and finances the Higher Education Emergency Relief Fund.
Section 18004(c) of the CARES Act requires that fifty percent of funds have to be used to provide emergency financial aid grants to students to cover expenses related to disruption of campus operations due to coronaviruses including:cost of food, housing, course materials, technology, healthcare, and childcare. The total amount of Emergency Financial Aid Grants to Students that was received is $1,696,162.00. These funds are being distributed to qualifying students through direct deposit at the rate of $1,080.00 per student.
The estimated number of students eligible to participate in programs under Section 484 in Title IV of the Higher Education Act of 1965 and eligible to receive Emergency Financial Aid Grants to Students under Section 18004(a)(1) of the CARES Act is 1,570.
The total estimated number of students who will receive an Emergency Financial Aid Grant to Students under Section 18004(a)(1) of the CARES Act, is 1,573.
Updated September 30 of 2020.
The following criteria determine the distribution of aid to students:
The institution has determined to distribute the aid to all students in an equitable way.