Cazenovia College’s Use of Student Funds Received Under the CARES Act

The total amount of funds that the College received from the Department of Education pursuant to the institution’s Certification and Agreement [for] Emergency Financial Aid Grants to Student is $504,388.00.

The total amount of Emergency Financial Aid Grants distributed to students under Section 18004(a)(1) of the CARES Act as of May 1, 2020 is $504,388.00.
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 469.

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 469.
Students’ eligibility to receive Emergency Financial Aid Grants and how much they would receive under Section 18004(a)(1) of the CARES Act was determined based on each student's Pell Grant eligibility and Expected Family Contribution as determined by their FAFSA for the current academic year.

The following information was provided to students who received Emergency Financial Aid Grants:

As referenced in President Chesbrough’ s April 22 Town Hall meeting, the college has been charged and authorized under the CARES Act to distribute federal emergency aid directly to students impacted by COVID-19 for your expenses incurred related to the disruption of campus operations. As directed by the U.S. Department of Education, this aid is being disbursed utilizing both Pell Grant eligibility and Expected Family Contribution from the 2019-2020 FAFSA filing. Taxability of this payment is currently undergoing review by the Internal Revenue Service.

The enclosed check is based on this aid directive and allocation formula. This is not a Room and Board refund. If you are eligible for a Room and Board refund, this should be complete by early to mid-May. If you have any questions, please contact the Financial Aid Office (finaid@cazenovia.edu).