CARES Act

  • CARES Act

CARES Act

The CARES Act

Rowan University signed the Funding Certification and Agreement Emergency Financial Aid Grants to Students under the Coronavirus Aid, Relief, and Economic Security (CARES) Act Section 18004(a)(1) of the CARES Act on 4/14/2020.  Rowan received $14,471,695 in CARES funds and will disburse 50% ($7,235,848.00) to students in emergency assistance.  Funds can be used for costs related to refunds of auxiliary services provided to student for housing, parking, dining services, and other services that Rowan University could no longer provide due to the State-mandated closure of campus facilities in March 2020.  As of September 30, 2020, Rowan University has recognized $7,047,812.00 of 18004(a)(1) funding to offset the costs of these types of refunds applied to student accounts.

In addition, Rowan is also the recipient of $709,837.00 under Section 18004(a)(2) of the CARES Act as part of the Strengthening Institutions Program.  Funds can be used for costs related to refunds of auxiliary services provided to student for housing, parking, dining services, and other services that Rowan University could no longer provide due to the State-mandated closure of campus facilities in March 2020.  As of September 30, 2020, Rowan University has recognized $709,837.00 of 18004(a)(2) funding to offset the costs of these types of refunds applied to student accounts.

For more information on the CARES Act and emergency assistance related to this funding, please click the appropriate link provided below.  Please note that the system for the CARES Act application is officially closed at this time.


CARES Act Funding - Part 1

As of July 9, 2020, there were 5,176 awards made amounting to $3,625,940.00.  At that time, Rowan University had approximately 14,000 students that are eligible to apply for assistance.


CARES Act Funding - Part 2

As of September 15, 2020, there have been 5,508 awards made amounting to $3,421,004.25.  At that time, Rowan University had approximately 14,000 students that were eligible to apply for assistance.

 

Total Number of Awards to Date: 10,684

Total Award to Date: $7,046,944.25



CARES Act Quarterly Reporting