Through the Coronavirus Aid, Relief, and Economic Security (CARES) Act, Theatre of Arts has signed and returned the Certification and Agreement to the Department of Education. Theatre of Arts is working to assure 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.
Through the CARES Act, Theatre of Arts has received $39,949 which will be used for Emergency Financial Aid Grants to students, and as of 05.08.2020, ZERO funding have been distributed to the students. Theatre of Arts is currently reviewing all enrollments and calculations of disbursements to students, which will take place by 05.22.2020.
There are an estimated of 25 students eligible to participate in the program under Section 484 in 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, and as of 05.08.2020, ZERO students have been distributed the funds.
To be eligible for the CARES Act Funds, students must meet the following requirements:
1. Be enrolled in the May 2020 term
2. Eligible for Free Application for Federal Student Aid (FAFSA)
a. U.S. Citizen or eligible noncitizen
b. Have a valid Social Security number
3. Method of calculation for disbursements of funds
a. The initial disbursements on 05.22.2020, each eligible student will receive $1000.00.
b. The remaining funds and disbursement to students will be calculated based on students EFC eligibility from the FAFSA. This will be broken into 4 EFC categories: EFC: C1: 0-1400, C2: 1401-2800, C3: 2801-4200, C4: 4201-9999