On March 27, 2020, President Donald J. Trump signed the Coronavirus Aid, Relief, and Economic Security (CARES) Act into law to address the economic fallout of the 2020 coronavirus pandemic in the United States. Of the $2.2 trillion in CARES Act funding, approximately $14 billion was allocated to institutions of higher education. The most significant portion of that funding allocation provides that $12.56 billion will be distributed to institutions using a formula based on student enrollment.
Southern Crescent Technical College received three allocations of CARES Act Funding under Section 18004(a)(1) and 18004(a)(2) to support students and the institution:
Student Portion: to provide students with emergency financial aid grants to help cover expenses related to the disruption of campus operations due to coronavirus.
Institutional Portion: to cover any costs associated with significant changes to the delivery of instruction due to the coronavirus so long as such costs do not include payment to contractors for the provision of pre-enrollment recruitment activities, including marketing and advertising; endowments; or capital outlays associated with facilities related to athletics, sectarian instruction, or religious worship (collectively referred to as “Recipient’s Institutional Costs”).
Minority Serving Institutions (MSI): grants to students for any component of the student’s cost of attendance, including tuition, course materials, and technology. Institutions may also use these funds to defray institutional expenses, which may include lost revenue, reimbursement for expenses already incurred, technology costs associated with the transition to distance education, faculty and staff training, and payroll.
For additional information, please visit: US Department of Education CARES Act Higher Education Emergency Relief Fund