Quarterly Budget and Expenditure Report – Final Report
As of August 19th, the college has awarded the remaining $14,746.16 to 11 students. These awards were made based on additional student requests. To date, we have awarded all of our $703,750 student portion of our CARES ACT funding to 1021 students.
As of June 8th, an additional $89,007 was awarded to 58 students. These students submitted a CARES Act application for additional assistance. To date, we have awarded a total of $ 689,003.84 in CARES Act funding to 1020 students. The remaining $14,746.16 will be awarded as additional applications are submitted.
Belmont Abbey College has received $1,407,500 in CARES Act funding from the Higher Education Emergency Relief Fund. The college has signed and returned to the Department the Certification and Agreement. The college will award the required 50 percent, $703,750, of the funds received to students as Emergency Financial Aid Grants.
As of May 8th, we had 1019 Title IV eligible students, all 1019 have been awarded in total $599,996.84. These students were notified via their college email that they were awarded Emergency Financial Aid Grants as part of the CARES Act. The remaining $103,753.16 will be awarded as additional requests for funding are made. Students who need additional funding may complete the Belmont Abbey College CARES Act Application.
All Title IV eligible students, attending classes on campus prior to March 13th, were awarded in tiers. The tiers were constructed based on student population and enrollment status. All of which, we believe have expenses related to the disruption of campus operations due to coronavirus.