CARES Act Reporting
The Coronavirus Aid, Relief and Economic Security (CARES) Act was passed by
Congress to provide economic relief from COVID-19. One of the sections established
the Higher Education Emergency Relief Fund (HEERF) to help students and higher
education institutions alleviate the expenses related to the disruption of campus
operations due to the pandemic.
-
Lincoln University has signed and returned to the U.S. Department of Education 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.
-
Pursuant to the institution’s Certification and Agreement for Emergency Financial Aid
Grants to Students, Lincoln University has received $155,054 (representing 50% of
the total formula allocation of $310,107).
-
The total amount of Emergency Financial Aid Grants distributed to students under
Section 18004(a)(1) of the CARES Act as of December 31, 2020 is $94,500.
The estimated total number of Lincoln University students eligible to participate in
the student financial aid programs under Section 484 of the Higher Education Act of
1965, as amended, and thus are eligible to receive Emergency Financial Aid Grants
to students under Section 18004(a)(1) of the CARES Act is fifty (50). The total number of students who have received an Emergency Financial Aid Grant
to students under Section 18004(a)(1) of the CARES Act is thirty-nine (39). Eligible students who receive the Emergency Financial Aid Grants are identified
based on their financial aid applications for a standard award between $1,000 and $2,500 for expenses
related to the cost of attendance. Students must be able to produce documentation
of expenses incurred, if requested. -
The instructions, directions, or guidance and the method(s) used by Lincoln
University to determine the amount of financial aid grants under Section 18004(a)(1)
of the CARES Act to be awarded to each applicant is posted here.
Quarterly Budget and Expenditure Reporting under CARES Act Sections 18004(a)(1) Institutional Portion
Please view the reports here: 1st Report and 2nd Report
|