As a result of the federal Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) that was recently signed into law, institutions of higher education, including LSUA, will be receiving funds that are to be granted to students who have experienced a financial hardship while transitioning from face-to-face to online instruction. As a follow-up to my email dated May 3rd, I want to share additional information regarding eligibility, award amounts, and a timeline for disbursements.
In compliance with the guidelines and eligibility requirements set forth by the United States Department of Education (USDOE), the following outlines which students are eligible, as well as those who will not receive funding.
Students who will be receiving CARES awards:
Enrolled in a traditional, face-to-face degree program as of March 13, 2020.
Making satisfactory academic progress toward a degree at LSUA.
Completed a FAFSA and eligible to receive federal Title IV financial aid.
Eligible to submit a FAFSA, but has not yet done so for the 2019-2020 award year. **(see below)
Students who are not eligible and will not receive an award:
Any student enrolled in a 100% online program as of March 13, 2020.
International students who are not eligible to submit a FAFSA.
Non-degree seeking students.
Any student fitting in to the eligible categories listed above will receive funding from the CARES Act. LSUA will not be requiring an application process. If a student meets the criteria, they will receive a CARES award. LSUA will begin processing awards to students on May 12, 2020. Please allow up to three weeks for disbursements to be completed.
Award amounts will range from a base level of $200 up to $1050 – depending on the number of credits hours enrolled, as well as the amount of federal aid received for the spring 2020 semester. An email with each student’s specific award amount will be sent within the next 3 business days.
Any student who has not yet submitted a FAFSA for the 2019-2020 award year, but wishes to receive a CARES Act award, must complete and submit the FAFSA prior to June 1, 2020. The FAFSA can be submitted through the Department of Education’s website found here: www.fafsa.gov. LSUA's school code is: 002011. You may also contact the Office of Financial Aid and Scholarships for additional information at email@example.com.
CARES Act awards will not be applied to accounts with outstanding balances. Each student will receive their full award amount even if they owe a balance to the university. Students who wish to use these funds to pay toward their balance may do so by making a payment through Self-Service or by contacting the Accounting Office at (318) 473-6407.
If a student has banking information on-file through myLSUA, funds will be direct deposited into that account. If no banking information is available, a check will be mailed to the address on file.
The Coronavirus Aid, Relief, and Economic Security Act (“Cares Act”) was signed into law by President Trump on March 27, 2020. The Act provides funds to colleges to give to eligible students to assist with costs related to the disruption of campus operations due to coronavirus.
Each eligible student will receive a base award of $200.00. Those students who receive federal Pell grants will receive an additional amount that is based on credit hours and the amount of total Pell received. The maximum total award is $1050.00
Each institution received a total amount of funding based on several factors determined by the Department of Education. Each institution is then subsequently responsible for determining individual award amounts for their students. LSUA’s formula is based on the eligibility requirements outlined above coupled with the total amount of federal aid that each student receives.
The Department of Education set forth guidelines that must be followed when awarding CARES Act funding. One of these requirements states that funding must go to students who transitions from an on-campus, face-to-face program to an online program. Students already enrolled in an online program as of March 13, 2020 are not eligible. These requirements are set at the federal level – not institution.
Yes. These funds will be awarded and disbursed to each student who is eligible, regardless of whether or not they owe a balance to the university. You may choose to use these dollars to pay your outstanding balance and can do so through Self-Service or contacting the Accounting Office at (318) 473-6407.
Yes, however, you should submit a FAFSA as soon as possible. The deadline for submission is June 1, 2020. Any student submitting their 2019-2020 FAFSA after June 1, 2020, will not be eligible. Please note that funds will not be disbursed until a completed FAFSA is received and student is deemed eligible for Title IV funding by the Department of Education.