{"id":953,"date":"2020-05-29T15:22:14","date_gmt":"2020-05-29T15:22:14","guid":{"rendered":"https:\/\/mainemaritime.edu\/campus-safety\/?p=953"},"modified":"2020-05-29T15:22:14","modified_gmt":"2020-05-29T15:22:14","slug":"5-29-20-cares-act-funding-report-from-kathy-heath","status":"publish","type":"post","link":"https:\/\/mainemaritime.edu\/campus-safety\/coronavirus\/5-29-20-cares-act-funding-report-from-kathy-heath\/","title":{"rendered":"5\/29\/20 | CARES Act Funding Report from Kathy Heath"},"content":{"rendered":"<p>Dear Students,<\/p>\n<p>As you know, the CARES Act passed by Congress and signed by the President on March 27, 2020 included $438,284 for Maine Maritime Academy to provide emergency financial aid grants to our students for expenses related to the disruption of campus operations due to coronavirus. \u00a0I\u2019m writing to report on how the funds were distributed.<\/p>\n<h3>HOW GRANTS WERE DISTRIBUTED TO STUDENTS:<\/h3>\n<p>Maine Maritime Academy determined that the first priority for funding would be for need-based requests, especially from those who are Pell-eligible.\u00a0 In addition, the Academy has a small group of seniors in the majors tied to an unlimited U.S. Coast Guard license who were required to return to campus in late May to complete course requirements as required under U.S. Coast Guard regulations.\u00a0 We reserved funds from the CARES Act allocation to reimburse these students for travel expenses.\u00a0 It was the Academy\u2019s intent, once these funds were disbursed, to divide any remaining funds between all other eligible students who did not already receive a grant. However, need-based requests exceeded the total amount of funding provided by the CARES Act.<\/p>\n<p>To ensure funds were provided to students quickly, a priority deadline for the first round of applications was set for May 20, 2020 (14 days from MMA\u2019s initial announcement). Students were informed of the opportunity to apply via an email sent on May 5, 2020; social media posts on both the main Academy Facebook page and the Parent Association Facebook Page; and a posting on the Academy\u2019s website under both the Financial Aid and COVID-19 Response pages.<\/p>\n<p>The Emergency Relief Fund Committee, chaired by the Director of Financial Aid, reviewed each application and determined the allocation of grants based on the total amount of funds requested as well as the circumstances of each student. The Committee included the Dean of Student Services and the Student Accounts Manager. In addition to eligibility, priority for student emergency funds were based on:<\/p>\n<ul>\n<li>The urgency of the situation<\/li>\n<li>The student\u2019s overall financial picture and level of hardship<\/li>\n<\/ul>\n<p>Only students who are or could be eligible to participate in programs under Section 484 in Title IV of the Higher Education Act of 1965, as amended (HEA), may receive emergency financial aid grants. If a student has filed a Free Application for Federal Student Aid (FAFSA), then the student has demonstrated eligibility to participate in programs under Section 484 the HEA. Students who had not filed a FAFSA but who were eligible to file a FAFSA also could receive emergency financial aid grants. As the committee did not have a way to assess need without the FAFSA, applicants for the need-based grants were encouraged to file a FAFSA to be considered.\u00a0 A total of 953 students enrolled in MMA at the time of the transition to remote learning in March of 2020 were eligible to request\/receive an emergency financial aid grant. The maximum amount of grant funds allocated to an individual student was capped at $6,000.\u00a0 Awards ranged from $500 to $6,000.<\/p>\n<p>By May 27, 2020, 185 applications were received. The Emergency Relief Fund Committee met and reviewed all of the applications.\u00a0 The committee prioritized the applications: first, applications from Pell recipients, then from those who had financial need but did not receive the federal Pell grant, and then all other applicants.<\/p>\n<p>Each individual application was reviewed based on the student\u2019s current financial aid situation, whether a refund was currently listed on their student account, and on the individual\u2019s situation or extenuating circumstance as described in the application.<\/p>\n<p>The committee analyzed each category the student was requesting funds for and their reason for why they needed it.\u00a0 The committee took loss of work study opportunities, loss of summer co-op earnings, having to travel back to campus to complete a final senior course, unexpected travel arrangements to return home on short notice and other factors into account in determining the final award amounts. A total of 176 requests for financial aid grants were approved.\u00a0 The award amounts did vary from the request in some cases. Nine requests were denied.\u00a0 Students were notified by email regarding the response to their application and checks were sent directly to students beginning May 21, 2020.<\/p>\n<p>Please contact me if you have any questions regarding the CARES Act fund distribution.<\/p>\n<p>Sincerely,<\/p>\n<p>Kathy Heath<br \/>\nDirector of Financial Aid<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dear Students, As you know, the CARES Act passed by Congress and signed by the President on March 27, 2020 included $438,284 for Maine Maritime Academy to provide emergency financial aid grants to our students for expenses related to the disruption of campus operations due to coronavirus. \u00a0I\u2019m writing to report on how the funds [&hellip;]<\/p>\n<a href=\"https:\/\/mainemaritime.edu\/campus-safety\/coronavirus\/5-29-20-cares-act-funding-report-from-kathy-heath\/\"> Read More...<\/a>","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-953","post","type-post","status-publish","format-standard","hentry","category-coronavirus"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - 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