Cares Act Info for Student Disbursement
This post was updated on Friday, April 9 to include third disbursement information.
- Nossi College of Art has signed and returned to the Department of Education, the Certification and Agreement, and the assurance that the institution intends to use 50 percent of the funds received under Section 18004(a)(1) of the CARES Act to provide Emergency Financial Aid Grants to students. Furthermore, Nossi College of Art has distributed the first disbursement of funds to qualified students.
- The total amount of funds that the institution has received from the Department pursuant to the institution’s Certification and Agreement [for] Emergency Financial Aid Grants to Students is $303,347.00.
- The total amount of Emergency Financial Aid Grants distributed to students under Section 18004(a)(1) of the CARES Act as of this Report is $145,761.00 for the first disbursement on 6/17/2020.
- The estimated total number of students at the institution 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 to students under Section 18004(a)(1) of the CARES Act is 206 students for the first disbursement.
- The total number of students who have received an Emergency Financial Aid Grant to students under Section 18004(a)(1) of the CARES Act is 206 students for the first disbursement.
- All students with a 2019/2020 FAFSA on file with the college will receive Emergency Financial Aid Grants. 74 students living in Off-Campus authorized housing through MCHS will receive $1,122.80 for housing, food, and technology needs. 132 students will receive $527.80 for food and technology needs under Section 18004(a)(1) of the CARES Act.
- During the first disbursement, funds totaling $6995.80 were never picked up by notified students and therefore was redistributed to students in the second disbursement.
- The total amount of Emergency Financial Aid Grants distributed to students under Section 18004(a)(1) of the CARES Act as of this Report is $157,616.00 for the second disbursement on 8/28/2020.
- The estimated total number of students at the institution 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 to students under Section 18004(a)(1) of the CARES Act is 266 students for the second disbursement.
- The total number of students who have received an Emergency Financial Aid Grant to students under Section 18004(a)(1) of the CARES Act is 266 students for the second disbursement.
- All students with a 2020/2021 FAFSA on file with the college will receive Emergency Financial Aid Grants. 93 students living in Off-Campus authorized housing through MCHS will receive $746.69 for housing, food and technology needs. 173 students will receive $500.00 for food and technology needs under Section 18004(a)(1) of the CARES Act.
- All students qualified to receive the first disbursement of the Emergency Financial Aid Grants were notified via email by June 17. All students qualified to receive the second disbursement of the Emergency Financial Aid Grants were notified via email by Sept 28. Any questions related to this grant, please email Rachel Dewaal.
- This disbursement check will cover costs related to food, technology, and/or housing needs for students.