CARES Act Financial Assistance

The Coronavirus Aid, Relief, and Economic Security (CARES) Act granted funds to institutions through the Higher Education Emergency Relief Fund (HEERF). On June 12, 2020, Capital University was granted funding from the HEERF to provide emergency grants to students impacted by COVID-19. Capital University must disburse 50 percent of these funds to students and report to the public how the funds are being used. To receive the grant, enrolled students must complete the Emergency Financial Grant Application, have demonstrated eligibility for federal financial aid, and not be enrolled solely in an online program when courses were changed to remote delivery.

• Capital University acknowledges the University signed and returned to the Department of Education the Certification and Agreement and assures the University will use no less than 50 percent of the funds received under Section 18004(a)(1) of the Coronavirus Aid, Relief, and Economic Security (CARES) Act to provide Emergency Financial Aid Grants to students.
• Capital University received a total of $1,243,434 from the Department of Education pursuant to the institution's Certification and Agreement for Emergency Financial Aid Grants to Students. The University has distributed a total of $1,153,434 as of October 14, 2020.
• Capital University estimates that 2826 students at the University are eligible to participate in programs under Section 484 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.
• A total of 524 students have been awarded Emergency Financial Aid Grants as of October 14, 2020. Additional applications are currently under review.
• The Office of Financial Aid is using an application process to allow students to request funds for their expenses. All students received a notification by email of the grant availability and the application process. The email included what the grant could be used for, who is eligible to apply, how to apply (including a link to the grant application), and an explanation of how grants would be awarded as outlined below.

Capital University has received funding through the Higher Education Emergency Relief Fund authorized by the Coronavirus Aid, Relief and Economic Security (CARES) Act. Passed by the U.S. Congress and signed by the president in late March, this direct economic relief package provides stimulus and financial support to many sectors of the economy, including higher education. 

Funding will be used to provide emergency grants to students who were impacted by the disruption of campus operations on or after March 13, 2020 due to the COVID-19 health emergency.  

As of October 20, 2020 the CARES Act Emergency Funds for students have all been spent.

CRRSAA

This serves as acknowledgement that Capital University has received its allocation of funding from the Coronavirus Response and Relief Supplemental Appropriations Act (CRRSAA) as determined by the US Department of Education (ED). Capital University has signed and returned to ED the Certification and Agreement and assurance that the institution has used the applicable amount of HEERF II funds designated under the CRRSAA.

The total amount of funds received under the CRRSAA: $3,710,353. The institutional funds not directly distributed to students were utilized in accordance with the federal regulations. These funds were used to provide grant aid to students and to fund other qualifying expenses under the CRRSAA.

The total amount of grants distributed to students under the CRRSAA: $1,339,200. The minimum amount required to be distributed to students: $1,243,434.

The total number of students who received funding through CRRSAA: 1,325

The total number of students who have received a grant: 1,325

Capital University determined the number of eligible students based on those who had submitted a FAFSA and were eligible for federal funds. Students with an Expected Family Contribution (EFC) of 10,000 or less received a $1,000 grant. Students with an EFC that fell outside of that range or otherwise qualified or had additional financial hardships could receive funds by requesting, in writing their funding needs.

The CRRSAA Grants were disbursed to all eligible students via Electronic Funds Transfer (EFT) or with a check to their permanent address on file. Students were notified in advance so they could choose their method of payment.

Capital University’s remaining institutional portion of funds were used to support on-going COVID-19 related expenses and purchasing additional electronic equipment to support students, faculty and staff should fully remote learning again be necessary.

HEERF ARP

Posted as of 06/17/2022

This serves as acknowledgement that Capital University has received its allocation of funding from the Higher Education Emergency Relief Fund/American Rescue Plan (HEERF/ARP) as determined by the US Department of Education (ED). Capital University has signed and returned to ED the Certification and Agreement and assurance that the institution has used the applicable amount of HEERF III funds designated under the ARP.

The total amount of funds received under the ARP: $6,569,930.

Institutional funds not directly distributed to students were utilized in accordance with the federal regulations. These funds were used to fund other qualifying expenses under the HEERF ARP.

The total amount of grants distributed to students under the ARP to date: $3,285,636.00.

The minimum amount required to be distributed to students is: $3,285,636.00

The total number of students receiving funds during the fall 2021 semester: 874
The total number of students receiving funds during the spring 2022 semester: 853

The estimated number of students eligible to receive funds during the fall 2021 semester and the spring 2022 semester respectively is 874 and 853.

Capital University determined the number of eligible undergraduate students based on those who had submitted a FAFSA and were eligible for federal funds. Traditional undergraduate students with an Expected Family Contribution (EFC) of 15,000 or less received a $1,700 grant during the fall semester and a $2,000 grant during the spring semester. Undergraduate adult learners with an EFC of 20,000 or below received a grant of $2,200 during the spring semester. Students with an EFC that fell outside of that range or otherwise qualified or had additional financial hardships were able to submit an application for grant consideration. The hardship application deadline was March 15, 2022.

The HEERF ARP Grants were disbursed to all eligible students via Electronic Funds Transfer (EFT) or with a check to their permanent address on file. Students were notified in advance so they could choose their method of payment. Students were also given the option to provide a written request to apply their grant funds to their student accounts.

Capital University’s remaining institutional portion of funds were used to support on-going COVID-19 related expenses.

As of June 4, 2022 the CRRSA and HEERF ARP emergency grant funds for students have all been spent.

Capital's Reporting Disclosures