In compliance with reporting requirements established by the US Department of Education’s Secretary, the following information describes the use of funds distributed from the Higher Education Emergency Relief Fund (HEERF) as part of the Coronavirus Aid, Relief, and Economic Security (CARES) act.
On April 30, 2020 the University of Colorado Boulder signed and returned to the US Department of Education via grants.gov the CARES Act Higher Education Emergency Relief Fund Certification and Agreement for the minimum student allocation of emergency financial aid grants to students under Section 18004(a)(1) and 18004(c) of the CARES Act. Per the HEERF Certification and Agreement, CU Boulder was allocated $18,732,408 and began awarding these funds with the intention to use no less than 50% of the funds under Section 18004(a)(1) of the CARES Act to provide Emergency Financial Aid Grants to students. On May 5, 2020, CU Boulder received via G5 the institution’s minimum student allocation of HEERF funds, totaling $9,366,204.
As of August 31, 2020
- CU Boulder has distributed $7,401,228 in emergency grants to students.
- A total of 3,478 students have received emergency financial aid grant funds under Section 18004(a)(1) of the CARES Act.
CU Boulder is required to update this information every 45 days. The next update will be posted no later than October 15.
The estimated total number of students at CU Boulder with eligibility for this aid, as defined under Section 484 in Title IV of the Higher Education Act of 1965 is approximately 18,322 students based on Spring 2020, Summer 2020, Fall 2020 and Spring 2021 enrollment.
On May 6, 2020, CU Boulder began accepting Student Emergency Fund applications to allow students to request emergency financial aid grants. The value of the grant varies according to the needs of the student, but cannot exceed $6,000. Awards typically range from $350 to $1,800 and are allocated based on type of need. For a full list of eligibility requirements, visit the Student Emergency Fund webpage.
The U.S. Department of Education also requires CU Boulder to document any instructions, directions, or guidance provided by the institution to students concerning the emergency financial aid grants. Below is a summary of the communication and general messaging provided.
- A Student Emergency Fund webpage provides eligibility requirements, instructions, typical award amounts and link to application.
- Targeted email messaging to students with high financial need, as determined by the Free Application for Federal Student Aid (FAFSA), notifying of availability of emergency funds.
- Broad email messaging to all students via the campus CU Boulder Today newsletter article announcing the emergency grant funding.
- Information also available to students on multiple campus and departmental websites, including the main Coronavirus Updates and Resources site and the COVID-19 Financial Aid Information site.
- Student Emergency Fund was part of broader COVID-19 communications and students were directed to an application and other university and community-based resources.
- Students who submitted applications were notified by email of their application status, eligibility for funds and expectations around payment of funds.