How is Penn State awarding student emergency grants from its federal Higher Education Emergency Relief Fund allocation? (UPDATED 5/13)
Penn State was allotted nearly $55 million from the Higher Education Emergency Relief Fund as part of the Coronavirus Aid, Relief and Economic Security (CARES) Act that was signed into law on March 27. Half of Penn State’s allocation – or approximately $27.5 million – is designated by law to be disbursed as emergency cash grants to students impacted by disruptions to campus operations as a result of the COVID-19 pandemic.
Penn State is distributing these grants via two rounds of funding. In the first round, the University will award grants up to $1,000 to more than 25,000 students, based on family income and other data from the Free Application for Federal Student Aid (FAFSA). The University also will award grants via a second round of funding that will utilize an application process to support students with eligible expenses who were not identified to receive funding during the first round.
For answers to more frequently asked questions about the emergency grants, visit https://virusinfo.psu.edu/faq/topic/federal-funding.