Federal Cares Act

Oregon Institute of Technology will receive $903,637 through the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which was recently enacted by the U.S. Congress. These funds are reserved to provide financial support in the form of emergency grants to students impacted by a disruption in campus operations due to the coronavirus.

Eligibility

Undergraduate and graduate students’ eligible to complete a Free Applications for Federal Student Aid https://studentaid.gov/h/apply-for-aid/fafsa and Title IV eligible may be awarded. International, DACA or undocumented students are not eligible.

Student who were exclusively admitted as online students, in online programs, are not eligible.

Expenses related to school operations as a result of the coronavirus such as medical, food, housing, utilities, technology, and course materials may be eligible expenses.

Application Process

These funds will go to eligible students that complete the online Federal CARES Act Grant application (or whose academic program was directly impacted) and demonstrate eligible expenses related to the coronavirus (and school disruption) such as medical, food, housing, course materials, technology and childcare; and other unexpected expenses included in the student’s cost of attendance.

CARES ACT Grant Disbursement Process

Students that already have set up Direct Deposit will have the Cares money deposited directly into that bank account.

The Cares Act Emergency Grant does not apply to any outstanding balance owed to the university; 100% of all Cares Act Grant funds are refunded directly to the students.


 

CARES Act Reporting, August 2020

  1. On April 22, 2020 Oregon Tech signed and returned to the Department the Certification and Agreement and the assurance that the institution has used, or intends to use, no less than 50 percent of the funds received under Section 18004(a)(1) of the CARES Act to provide Emergency Financial Aid Grants to students. We were able to access funds April 30, 2020.
  2. Oregon Tech will have access to $903,000 in emergency grants to award within a year from the date of submitting the certification. These funds must be awarded within the definition outlined in the Cares Act.
  3. The total amount of Emergency Financial Aid Grants distributed to students under Section 18004(a)(1) of the CARES Act as of August 20th, 2020 is $468,869 ($349,684 for spring term 19-20 and $119,185 for summer 2021.)
  4. 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 for spring term was 1,920 students. 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 for summer term is 454 students.
  5. The total number of disbursements to students who have received an Emergency Financial Aid Grant to students under Section 18004(a)(1) of the CARES Act is 383 (as for spring 1920 -280 students received funds, for summer 2021, 103 students have received funds as of August 20, 2020.)
  6. The institution used an application to award spring and summer grant funding. Initial awards were capped at $3000 in order to award a greater number of students. Students complete an application for Cares funding with the exception of two academic programs summer term 201904 with direct costs due to COVID 19.