Emergency Relief Funding Disclosure
Bank Street College received funding through the Higher Education Emergency Relief Fund (“Relief Fund”) authorized by the Coronavirus Aid Relief and Economic Security (CARES) Act. The College signed and returned to the U.S. Department of Education the Certification and Agreement and the assurance that the institution intends to use 50 percent of the funds received under Section 18004(a)(1) of the CARES Act to provide Emergency Financial Aid Grants to eligible students who have incurred qualifying expenses related to the coronavirus outbreak. The College has received $64,020 to fund these emergency grants.
The College is using information from the Free Application for Federal Student Aid (FASFA) to determine the students with the greatest need, with the goal of distributing the funds in a fair and equitable manner. Emergency grant amounts will be awarded to students with qualifying costs and prioritized based on need. A Committee has been established and they will review applications on an ongoing basis, until all funds are spent, in the order applications are received. The College is required to spend its share of the CARES Act funds within one calendar year.
This is a summary of the administration of the CARES Act Relief Fund at Bank Street College. If you have any questions about applying or have other questions, please contact Emmett Cooper, Director of Financial Aid at email@example.com.
Last Updated: 08.25.2020