PC CARES Act Grant III
Presbyterian College CRRSAA: HEERF Act Grant III
On March 11, 2021, President Biden signed the American Rescue Plan Act of 2021 (ARP). The ARP appropriated funding for the Higher Education Emergency Relief Fund (HEERF) and represents the third stream of funding appropriated for HEERF to prevent, prepare for, and respond to coronavirus. Presbyterian College signed and returned to the US Department of Education the Certification and Agreement with the assurance that the college will use at least half of the institution’s allocation under ARP (a)(1) to make Emergency Financial Aid Grants to Students.
Presbyterian College will receive a total of $2,667,255 from the US Department of Education under the ARP (a)(1) program. Pursuant to the institution’s Certification and Agreement, at least $1,338,628 will be used for Emergency Financial Aid Grants to Students.
As of October 10, 2021, Presbyterian College has distributed $15,250 in Emergency Financial Aid Grants to Students under the ARP (a)(1) program.
1,677 individuals are or were enrolled at Presbyterian College on or after March 13, 2020 and are therefore eligible to receive Emergency Financial Aid Grants to Students under the ARP (a)(1) program.
As of October 10, 2021, 61 students have received an Emergency Financial Aid Grant under the ARP (a)(1) program.
Presbyterian College is committed to prioritizing students with exceptional need to receive Emergency Financial Aid Grants. The college determined that students demonstrating the greatest financial need at the time were those undergraduate students who were eligible for Pell Grants for the Summer Two semester of 2021. All undergraduate Pell Grant-eligible students at that time were automatically awarded an Emergency Financial Aid Grant of $250 each. Disbursements were made to these students on August 16, 2021 either by direct deposit or by paper check.
An email was sent to these students notifying them that they had been automatically awarded an Emergency Financial Aid Grant. Another email was sent to the students notifying them that a direct deposit had been made to their bank account or providing them with instructions on how to pick up their check.