The new federal CARES (Coronavirus Aid, Relief, and Economic Security) Act, the largest economic stimulus package in American history, has allocated $14 billion in funding to colleges and universities across the country.
According to a recent letter from Daemen President Gary Olson, the college is expected to receive approximately $936,000 to be used exclusively for “direct payment of grants to students for their expenses related to the disruption of campus operations due to coronavirus, such as food, housing, course materials, technology, health care, and child care.”
A committee comprised of Daemen administrators from academic affairs, student affairs, diversity and inclusion, and financial aid has been established. The committee has developed a process for students who have been directly affected by COVID-19 to request funds and it will also determine disbursement of awards. With President Olson’s encouragement, the college has expanded the application process to include all students.
In his letter, President Olson noted, “We know how trying all of this has been for students and their families. We are hopeful that this grant will provide a little glimmer of hope and support as you finish this semester and register for the semester ahead.”
Information on the process and how to apply for stimulus funds is available on the Federal Stimulus section of Daemen’s COVID-19 website. U.S Department of Education guidance continues to vary so changes may be made to Daemen’s process and/or the criteria used based on revised guidelines.