[Oasfaa] CAREs act info from NASFAA

[Jonna Raney]

Hello all! I hope you're all doing well and finding ways to connect to family and friends. I pressume most of you (or folks from your schools) are trying to determine how to award the aid to students from the CAREs act. The application process is somewhat complicated if you don't have a grant writer/department at your school. There are basically three things you have to complete to apply. SF-424, SF-424 supplement and the CertificationAgreement. One thing to note is the amount that should be entered on the application and the certification agreement is the half of your total allocation that is designated to go to students. You should not put the full allocation amount on these docs.

I wanted to give you some resources (in addition to the emails you've probably received directly from ED) to help your school through the process of awarding these emergency grants to students. As a caveat, this is my interpretation and understanding of what we are to do. Take it for what it's worth. 🙂

I've read a lot and listened to webinars and podcasts and here's the two latest ones from NASFAA that I think are really good information. The main thing that I think is difficult for aid administrators is that this is not Title IV aid so students don't have be FAFSA filers or even eligible to file a FAFSA to receive funds. It's up to the school so as long as the school can document the reasoning behind the decisions, they will be good.

The reporting piece seems to also be much different (they believe) than what we typically do for pell and loan reporting to COD. They believe we will simply report by id # with the amount and how we determined they had a need caused by Covid-19. If that's the case, then we (your school, not necessarily the financial aid office) won't submit PII info on the reports.

You do not need a NASFAA login to access these podcasts, so NASFAA membership is not a requirement.

https://www.nasfaa.org/off_the_cuff_ep143
Episode 143: How Are Institutions Using Emergency Stabilization Funds?<https://www.nasfaa.org/off_the_cuff_ep143>
This week on "Off The Cuff," Justin is joined by financial aid directors at three institutions — Lauren Jackson of Northwestern State University, Francisco Valines of Florida International University, and Wayne Kruger of St. Petersburg College — to discuss how their schools are using the emergency stabilization funds allocated to higher education in the Coronavirus Aid, Relief, and ...
www.nasfaa.org
https://www.nasfaa.org/off_the_cuff_ep144
Episode 144: A Deep Dive Into ED's Guidance for Using Emergency Grant Funding<https://www.nasfaa.org/off_the_cuff_ep144>
In a special episode of "Off The Cuff," Justin and Megan are joined by other members of NASFAA's policy team — Director of Policy Analysis Karen McCarthy and Policy Analyst Jill Desjean — to answer some of the most pressing questions that have sprouted from the Department of Education's (ED) most recent announcement regarding the distribution of emergency grant funding for student aid.
www.nasfaa.org



[Oklahoma Baptist University]
Jonna Raney

Director of Student Financial Services

405.585.5020
Oklahoma Baptist University



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