Report and Disclosure

Higher Education Emergency Relief Fund Reporting
Emergency Financial Aid Grants to Students –
Rutgers, The State University of New Jersey (00262900)
Thirty Day Report and Disclosure
March 31, 2021

Rutgers, The State University of New Jersey (Rutgers) acknowledges it signed and returned to the U.S. Department of Education the Certification and Agreement on April 10, 2020, and certifies that Rutgers has used 50% of the funds received under section 18004(a)(1) of the CARES Act to provide Emergency Financial Aid Grants to students.

1. The total amount of funds Rutgers received on April 27, 2020, from the U.S. Department of Education for distribution to students is $27,080,320.
2. The total amount of Emergency Financial Aid Grants distributed to students under section 18004(a)(1) of the CARES Act as of March 31, 2021, is $27,078,273.
3. The estimated total number of students at Rutgers 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 40,673.
4. The total number of students who received an Emergency Financial Aid Grant under section 18004(a)(1) of the CARES Act as of March 31, 2021 is 25,388.
5. The methods used to determine which and how many students receive Emergency Financial Aid Grants are as follows –
   • A currently enrolled undergraduate or graduate student for term of disbursement
   • Eligible for funding under a Title IV of the Higher Education Act of 1965
   • Maximum total award per student is $1,500
6. Awards are prioritized based on student type and individual as explained below:
   • Student Type Prioritization Hierarchy
     • Pell eligible undergraduate student
   • Need Type Prioritization Hierarchy
     • Food;
     • Housing;
     • Educational Technology;
     • Health Care;
     • Child Care;
     • Other (books, transportation, etc.)
7. The instructions, directions, or guidance provided by Rutgers to all students concerning the Emergency Financial Aid Grants were sent via University email and published on the University website.
8. The grant appears with the following name CARES Award.
9. The grant will be awarded through financial aid and disbursed directly to students via electronic deposit to the student’s bank account or via paper check.
10. The grant will be processed through Accounts Payable and will not be applied to or used to offset any charge, debt, tuition, fees, or other balance in a student account, nor will it be encumbered in any manner by Rutgers University.
11. Students who enroll in direct deposit via the Bank of American Zelle process will have access to the funds in approximately three business days from the date of disbursement. For those not enrolled in direct deposit, Accounts Payable will issue a check which may take up to fourteen business days from disbursement.

Previous Disclosures

• September 15, 2020
• October 31, 2020
• November 30, 2020
• December 31, 2020
• January 31, 2021
• February 28, 2021

Quarterly Reports

• September 30, 2020
• December 31, 2020

DOE Frequently Asked Questions:

https://www2.ed.gov/about/offices/list/ope/heerfstudentfaqs.pdf.pdf

IRS FAQ Information:

https://www.irs.gov/newsroom/faqs-higher-education-emergency-relief-fund-and-emergency-financial-aid-grants-under-the-cares-act

NASFAA COVID-19 Reference Page:

https://www.nasfaa.org/covid19_heerf

Rutgers CARES Act Frequently Asked Questions