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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
September 15, 2020
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.
- 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.
- The total amount of Emergency Financial Aid Grants distributed to students under section 18004(a)(1) of the CARES Act as of September 15, 2020, is $23,858,500.00.
- 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.
- The total number of students who received an Emergency Financial Aid Grant under section 18004(a)(1) of the CARES Act as of September 15, 2020 is 24,361.
- 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
- Awards are prioritized based on student type and individual as explained below:
- Student Type Prioritization Hierarchy
- Pell eligible undergraduate student
- Need Type Prioritization Hierarchy
- Educational Technology;
- Health Care;
- Child Care;
- Other (books, transportation, etc.)
- Student Type Prioritization Hierarchy
- 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.
- The grant appears with the following name CARES Award.
- 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.
- 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.
- 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.
DOE Frequently Asked Questions:
IRS FAQ Information:
NASFAA COVID-19 Reference Page:
Rutgers CARES Act Frequently Asked Questions
How are the funds being distributed at Rutgers?
The funds have been allocated to chancellors’ offices at Rutgers-New Brunswick, Rutgers Biomedical and Health Sciences, Rutgers-Newark and Rutgers-Camden. Awards to students will be made by each chancellor-led unit on a first-come, first-serve basis. Funding amounts will vary based on a student’s demonstrated needs and required documentation.
When will the funds be distributed to students?
Once an application is submitted, it may take up to two weeks for the financial aid office to determine eligibility. Once funds are awarded, it will take 10 to 14 days for students to receive the funds.
How will the funds be sent to students?
Funds will be distributed via an electronic transfer process students can opt in to, or they can choose to receive payment by check. If you would like to receive your funds fast, safe and easy, enroll with Zelle® using your Rutgers student email address at clearxchange.com/receive. Note: clearXchange® is the online version of Zelle used for receiving payments from companies.
If I have an outstanding balance on my university account will these funds be applied to that balance?
No, the money will go directly to students and will not be distributed to students’ university accounts.
If I qualify for CARES Act funding will other financial aid be adjusted or reduced?
No, CARES Act grants do not impact previously awarded financial aid.
Are international and DACA (Deferred Action for Childhood Arrivals) students able to apply for funds?
Per federal Department of Education guidelines, international and DACA students are not eligible for CARES Act funds.
Where can I direct additional questions?
Please contact your campus Office of Financial Aid with any additional questions.