We understand how difficult this semester has been with the disruption by COVID-19. We want to do our best to provide you with information about available financial help. Read below for details about the CARES Act, and the Loss of Job application.
The Coronavirus Aid, Relief and Economic Security (CARES) Act was approved by Congress in late March. The aid included approximately $14 billion for colleges across the nation. The distribution of aid dollars to colleges was determined by the number of Pell Grant recipients at a given college. The Master’s University was allotted $936,440, 50% of which, $468,220 will be given to students in the form of direct relief aid. The Master’s University has submitted the necessary paperwork and has received its funding from the Higher Education Cares Act.
The Master’s University is committed to using the CARES Act funds, within the parameters set by the government, to help those students with the greatest needs while meeting the needs of as many students as possible. The government has, however, put certain restrictions on how these funds can be used. Specifically, students who receive the funds must be Title IV eligible (if you have not filed a FAFSA, you should do so on the FAFSA website selecting the 20/21 school year) and the funds must be used to cover expenses related to the disruption of campus operations due to coronavirus (including eligible expenses under a student’s cost of attendance, such as food, housing, course materials, technology, health care and child care). Also, students who were enrolled only in online programs prior to COVID-19 and DACA students are not eligible per the government issued guidance.
If you have incurred expenses, beyond what you would have typically, as a result of the disruption of campus operations due to coronavirus, there may be funding available through the CARES Act if you are eligible for any type of federal Title IV (FAFSA) aid including federal loans. (Note that Title IV aid includes Pell Grant, SEOG, Direct Subsidized, Unsubsidized, and PLUS Loan.)
TMU sent three emails to all eligible students providing the parameters of eligibility and a link to the application. If you did not respond to the email please complete the application/online form if you think you may be eligible to receive CARES Act funds, return the form no later than May 15, 2020, after which the funds will be allocated in the most equitable manner possible, taking into consideration the needs and expenses of each eligible student.
Students who have qualified expenses will be issued a payment which will be mailed to the address indicated on the application. Please note that this is not a scholarship but is a relief fund to assist students who have occurred expensed due to COVID 19. Our hope is to issue the checks by the end of May, an email will be sent to all students notifying them if they qualified and if a check is on it’s way.
Update: As of May 20th The Master’s University has 745 Title IV eligible students. 311 applications have come in and TMU is currently processing the applications to meet the needs of the students most affected by COVID-19.
Update: As of June 1st applications have been reviewed and funds were submitted to students who completed an application. Based off our analysis from the applications TMU also sent funds to eligible students based on EFC. In total 549 students were sent checks totaling $360,440. TMU has sent notifications to students letting them know that funds are still available.
Go back to masters.edu/relief