Cares act grant reporting - july 2020

As a result of funds authorized under the 2020 CARES Act to the Wisconsin School of Professional Psychology by U.S. Secretary of Education, Betsy DeVos, in Spring, 2020, WSPP received a sum of $13,967.00. Per the provisions of this Act, at least 50% must be distributed to students for costs incurred as a result of the COVID pandemic, with the additional funds to be used by the institution for COVID-related costs.

This posting represents the initial report describing the ways in which the allocated CARES Act funds have been used to date to comply with Section 18004(e) of the CARES Act:

  1. The Wisconsin School of Professional Psychology did sign and return to the Department the Certification and Agreement indicating that it intends to use no less than 50% of the funds received under Section 18004(a)(1) of the CARES Act to provide Emergency Financial Aid Grants to students.
  2. The institution received a total of $13,967.00 from the CARES Act grant.
  3. The amount of Emergency Financial Aid Grants distributed to students as of July 17 was $6,984.00. Full-time students (21) received $317.45 each; part-time students (2) received $158.72 each.
  4. The total number of students at the institution eligible to receive Emergency Financial Aid Grants under Section 18004(a)(1) of the CARES Act was 80.
  5. The total number of students who have received an Emergency Financial Aid Grant under Section 18004(a)(1) of the CARES Act is 23. All students who applied for CARES Act funding received a grant.
  6. Consistent with Secretary DeVos’ statements in the authorization of the CARES Act funds, WSPP encouraged students to apply for funds used “to cover expenses related to the disruption of campus food, housing, course materials, technology, health care, and child care” (DeVos, B. 2020. Letter to College and University Presidents, 1). Based on these instructions, we determined that, to receive funds, students must have been enrolled in classes on campus during the Spring 2020 semester. Further, full-time students, due to their increased presence on campus, were likely to have incurred more costs than part-time students and would, thus, be eligible for greater funds.
  7. The following was sent as an email to all WSPP students on May 7, 2020

WSPP CARES Act Grant

Hello Students,

In deciding how to make these awards to our students, we would like to be as responsive as possible, within the requirements of the grant, to students who have experienced financial need from the coronavirus.

To be eligible for funds, students should have:

  • Been enrolled for at least 3 course credits in the Spring, 2020 semester;
  • Been actively on campus during the Spring, 2020 semester (not on internship or ABD status);
  • Have experienced difficulties in any of the following areas - food, housing, course materials, technology, health care, or child care as a result of COVID-19;
  • Have a FAFSA on file for the Spring, 2020 semester.

To apply for funds, students should:

  • Submit a one-page maximum statement indicating how they have been affected by COVID-19. This should be a brief, general statement; no extensive self-disclosure is expected.
  • Statements are due to Veronica by May 18, 2020.

In making the awards, we:

  • Will divide students into those taking full-time coursework (9+ credits) and those taking part-time coursework (3-8 credits).
  • Consistent with Secretary DeVos’ recommendations, full-time students will receive greater award amounts than part-time students.
  • All full-time student applicants will receive the same award amount; all part-time student applicants will receive the same amount. The specific amount students will receive will depend on how many students request funds and their full-time/part-time status.
  • WSPP will make funds available to students asap after May 18, 2020.
  • Please note that these funds will not affect students’ loan maximum. They are grants that will not need to be repaid.
  • It is unclear at this point whether students will be taxed on any grant amounts received. As best as I can tell, this has not yet been decided by the government.