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CARES Act Information

CARES Act Information 

 
Date Action
4/17/2020

The US Department of Education calculated that Franklin Pierce University may be eligible to receive $1.4 million in CARES Act funding as a result of the COVID-19 pandemic

 

4/17/2020

The US Department of Education calculated that Franklin Pierce University may be eligible to receive $1.4 million in CARES Act funding as a result of the COVID-19 pandemic

 

4/17/2020

Franklin Pierce University estimates that more than 1350 students enrolled on either the Rindge Campus coupled with over 250 students enrolled in either the University’s Doctor of Physical Therapy or Master’s of Physician Assistant Studies programs would be eligible to apply for CARES Act funding.

 

4/24/2020

Franklin Pierce University received guidance from the US Department of Education that CARES Act funding would be made available in two components:

1. $700,323 in CARES Act funds that must be awarded directly to students for eligible expenses incurred as a result of the COVID-19 pandemic

2. $700,324 in CARES Act funds that may be used to offset expenses incurred by the University

 

4/26/2020

The Student Financial Services Office developed an application process and email announcement in order to alert students and families of the availability of CARES ACT funds:
 
Download The Form

 

4/27/2020

Franklin Pierce University submitted application materials to the US Department of Education in order to obtain the aforementioned resources

 

4/28/2020

Senior Staff approved the CARES Act application and communication materials to be sent to students regarding the availability of CARES Act funding

 

4/28/2020

Via both student and parent emails, the Student Financial Services Office notified students and families of the availability of CARES Act funds and the application process.

 

5/8/2020

Franklin Pierce University was notified that our application for $700,323 in CARES Act fund has been both processed and approved. Initial reporting requirements were communicated by the US Department of Education via Electronic Announcement on 5/6/2020

 

5/15/2020

Reminder email notice notices were sent to all eligible students to complete and submit CARES Act application materials by June 1, 2020 for consideration of eligible expenses.


CARES ACT Awards Process
June 2020
Application and Block Grant Formula:
  • The application for CARES Act funds developed for students and communicated on April 28, 2020 and again on May 15, 2020, served the University’s Student Financial Services Office extremely well as an information gathering tool in order to assess the expenses incurred by students
  • Commonalities were discovered through the application process including:
  • These commonalities necessitate a tiered block grant award process for CARES Act funds, for it became abundantly clear that all students were impacted by the disruption to the spring term(s)
  • The following formula was developed for the block grant award process:
  • A tiered block grant for students enrolled in either on-the-ground Rindge or DPT and MPAS programs as follows:

All students enrolled during the Spring 2020 terms in on-the-ground programming at either NH or Arizona would be considered for eligibility so long as:

  • A valid 2019-20 FAFSA was on file with the Student Financial Services Office
  • The student received a valid disbursement of Title IV aid during the 2020 spring terms
  • The student was continuously enrolled during the Spring 2020 terms
  • The student was registered for the next available term after June 30, 2020 or Fall 2020 terms
  • For students who appealed and demonstrated expenses in excess of the EFC block grant range, the maximum amount of CARES Act funds will not exceed $1,264.00
  • Checks will be sent via US Mail the week of June 29, 2020
  • All award decisions are considered final
  • 1030 eligible students were sent CARES Act funding

    For further Federal Cares Act information please visit:
    Federal Student Aid

U.S. Department of Education Required Reporting