The following information is posted to comply with guidance issued by the U.S. Department of Education on May 6, 2020, regarding an institution’s reporting requirement for funds received under the Coronavirus Aid, Relief, and Economic Security (CARES) Act for emergency financial aid grants to students.
Nova Southeastern University (NSU) acknowledges signing and returning to the U.S. Department of Education (DOE) the Certification and Agreement for Emergency Financial Aid Grants to Students in order to access funds under the Higher Education Emergency Relief Fund on April 22, 2020. The institution will 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 NSU’s Certification and Agreement for Emergency Financial Aid Grants to Students, the institution received $3,578,597 to be made available to students in federal grants.
As of May 22, 2020, (i.e., the 30-day report date), NSU has distributed the following amount to students under Section 18004(a)(1) of the CARES Act: $1,166,052.
The estimated total number of NSU students 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 under Section 18004(a)(1) of the CARES Act is 18,807.
The total number of students who have received an emergency financial aid grant under Section 18004(a)(1) of the CARES Act is: 465.
The Federal CARES Act Student Support Fund Committee uses the following process to determine which students receive emergency financial aid grants and how much they receive under Section 18004(a)(1) of the CARES Act.
An email was sent to NSU students registered for the Winter 2020 semester on April 28, 2020, informing them that they may apply for funding through the Federal CARES Act with the following guidance:
As a result of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, NSU students with documented need for financial assistance to help with expenses related to the disruption of campus operations due to the current pandemic may apply for emergency funding.
Federal CARES Act Fund
To apply for Federal CARES Act funding students must:
To ensure that funds are distributed to as many students as possible, the maximum amount for which a student can apply is $3,000 for the Federal CARES Act. Applications will be reviewed by the Federal CARES Act Student Support Funds Committee. Students will be notified by NSU email regarding the outcome of their application. Funding will be awarded based on availability of federal aid. Applications will be reviewed in the order they are received.
Upon disbursement, funds will be directly deposited into students’ bank accounts if Direct Deposit has been previously authorized. If no Direct Deposit has been established, a check will be mailed to the student’s address on file. Students should verify or update their preferred mailing address on file, by logging in to SharkLink and clicking “View My Profile.” Checks are not available for pick-up.
The NSU community continues to wish you and your family the very best during these uncertain times.