Cares Act

This information regarding the Student Portion of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was updated on March 18th, 2021.

 


  • Gogebic Community College submitted the CARES Act Certification and Agreement for the student portion of the federal CARES Act funds to the Department of Education on April 14th, 2020. You can review the Certification and Agreement document here.


  • 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 $330,636.


  • $330,636.00 in student portion CARES Act funds have been disbursed to students as of 2/12/2021. $588,505.76 in total COVID-19 relief aid has been granted to students. Other sources of COVID-19 relief aid disbursed to students includes: 

    • $31,468.52 in FSEOG funds

    • $1,900.45 in Financial Aid Adjustments

    • $204,750.79 in CARES Act Institutional funds

    • $19,750 in CARES Act Institutional refunds


  • 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 642. This includes Spring, Summer, and Fall 2020 enrollments. 


  • 592 students have received CARES Act grants as of 2/12/2020. 632 total unique students have received some form of COVID-19 related aid. 


  • The method(s) used by the institution to determine which students receive Emergency Financial Aid Grants and how much they would receive under Section 18004(a)(1) of the CARES Act are listed here:

    • $16,531.65 (5.0%) from the student portion of the CARES Act was distributed to all Title IV eligible students based on enrolled credits in the Summer 2020 semester. These funds were disbursed on 6/18/2020. 

    • $245,853.13 (74.4%) from the student portion of the CARES Act was distributed to all Title IV eligible students based on enrolled credits in the Fall 2020 semester. These funds were disbursed on 9/25/2020. 

    • $10,268.97 (3.1%) from the student portion of the CARES Act was awarded to eligible students based on enrolled credits for the Spring 2021 semester. These funds were disbursed on 2/10/2021

    • $60,232.25 (18.2%) from the student portion of the CARES Act was made available to Title IV eligible enrolled students based on applications for additional aid.

      • Spring 2020: $10,994 from the CARES Act student portion was awarded based on applications. An additional $22,400 in FSEOG funds was awarded based on applications, and $19,750 was used to provide refunds for students in the residence halls who chose to move out during the semester.  
      • Summer 2020: $5,833.02 from the CARES Act student portion was awarded based on applications. 
      • Fall 2020: $41,155.23 from the CARES Act student portion was awarded based on applications. An additional $9,068.52 in FSEOG funds, $1,900.45 in Financial Aid Adjustment funds, and $2,644.76 in CARES Act institutional funds were awarded based on applications. 
      • Spring 2021: $2,250 from the CARES Act student portion was awarded. An additional $23,625 in CARES Act institutional funds were awarded based on applications. 

  • A document providing all communications and instructions sent to students regarding CARES funding is available here

 


 Quarterly Budget and Expenditure Report - 9/30/2020

 Quarterly Budget and Expenditure Report - 12/31/2020

 Quarterly Budget and Expenditure Report - 3/31/2021

 

 

For any questions about GCC's CARES Act grant, please contact:

Marc Madigan

Director of Financial Aid

marcm@gogebic.edu