CARES Act Reporting
The Coronavirus Assistance, Relief and Economic Security (CARES) Act provides emergency relief funding to assist students and institutions of higher education with unexpected educational expenses due to the disruption of campus operations as a result of the coronavirus. The following information is provided to comply with the Department of Education’s CARES Act reporting requirements. This information is limited to CARES Act funding. Antioch College will provide regular updates as required.
Federal Funding (both issued by the Department of Education)
- Emergency Financial Aid Grants to Students – Section 18004(a)(1) – $82,055
- Emergency Institutional Aid – Section 18004(a)(1) – $82,054
Funds for the Improvement Postsecondary Education (FIPSE) Grant Program – Section 18004(a)(3)
- Grants to institutions receiving under $500,000
- Antioch received the balance of $500,000, for an additional allocation of $335,891 in CARES Funding
Antioch College signed and returned to the Department of Education the Certification and Agreement and the assurance that the institution has used, or intends to use, no less than 50 percent of the funds received under Section 18004(a)(1) of the CARES Act to provide Emergency Financial Aid Grants to students.
Antioch College received $82,055 from the Department of Education pursuant to the Certification and Agreement [for] Emergency Financial Aid Grants to Students.
Antioch College has distributed $82,055 of the Emergency Financial Aid Grants to students under Section 18004(a)(1) of the CARES Act as of June 1, 2020.
The total number of students at Antioch College eligible to participate in programs under Section 484 in Title IV of the Higher Education Act of 1965 and thus eligible to receive Emergency Financial Aid Grants under Section 18004(a)(1) of the CARES Act is 79.
As of June 1, 2020, all 79 students eligible to receive the Emergency Financial Aid Grant have received the Emergency Financial Aid Grant under Section 18004(a)(1) of the CARES Act.
It was determined that all enrolled students would receive an equal distribution due to everyone being significantly impacted and disrupted by the Coronavirus.
Students were informed that:
- The institution has been granted these funds to provide emergency financial aid to students for expenses related to the disruption of campus operations due to the coronavirus, such as food, housing, course materials, technology, health care, and child-care expenses.
- As everyone has been significantly impacted by the virus, every student enrolled in Spring 2020 term will be receiving a check to help with these related
- This is a grant, so you will not be required to pay any of it back.