![]() ![]() When can I expect to receive my HEERF I funds? Eligible students with an official EFC between $5,577 and $10,000 will receive $1,000. Eligible students with an official EFC up to $5,576 will receive $1500. How much will I receive in HEERF I funding?Īward amount is based on the FAFSA Expected Family Contribution (EFC). Students enrolled in online programs are not eligible for HEERF I funding. Enrolled in a campus-based academic program.For graduate and professional students, received federal or state loans for the spring 2020 term.For undergraduate students, received need-based aid for the spring term.Received Federal Title IV grants or loans for the spring 2020 term.Eligible to receive Federal Title IV funding as determined by the Free Application for Federal Student Aid (FAFSA).Enrolled as of April 30th for the Spring 2020 term.To be eligible, students must meet the following criteria: Department of Education, funds received as part of the CARES Act will be distributed to SMU students who have the greatest demonstrated financial need and potential for financial hardship due to the ongoing pandemic. What criteria was used to determine eligibility for the HEERF I funding?įollowing the guidance received from U.S. Department of Education Office of Postsecondary Education as the Higher Education Emergency Relief Fund ( HEERF). Approval of $2.2 trillion in funding provided fast and direct economic aid to the American people negatively impacted by the COVID-19 pandemic.Īpproximately $14 billion was given to the U.S. HEERF I was authorized by The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) which was signed into law on March 27, 2020. Questions related to HEERF funding should be directed to the Division of Enrollment Services at I FAQ’s Who do I contact with additional questions about the HEERF funding? However, students should refer to irs.gov for guidance and latest information on emergency relief given through educational institutions. It is our understanding that HEERF funds are not counted as Estimated Financial Assistance, taxable income, or untaxed income. In addition, the Office of Student Support is also accepting requests for emergency funds though the Caring Community Connections (CCC) program.Īre HEERF grants considered to be taxable income? Student's with additional needs should contact the Office of Financial Aid to determine eligibility for emergency assistance from programs that are not funded through HEERF. There are additional sources of assistance available to students who did not necessarily qualify for HEERF assistance, but continue to experience financial hardship due to the COVID-19 pandemic. SMU recognizes that the COVID-19 pandemic is creating a financial burden for many of our students and their families. Are there any other funds available to help people like me? I did not qualify for funds under the HEERF I or HEERF II programs, but I still need help with expenses directly related to the COVID-19 pandemic. If you wish, you may then use that money to make a payment to your SMU student account with SMUpay. You will receive the payment directly through Chase QuickPay®. bank account or encounter other problems, contact the Division of Enrollment Services at 21.Ĭan I have the funds applied to the balance on my SMU student account or toward summer/fall tuition? QuickPay® is the easiest and by far the fastest way to receive your money. bank account or can’t complete the QuickPay® setup process? To view your Federal EFC or view your full Student Aid Report, go to the FAFSA website. The EFC can be found on the Student Aid Report (SAR) that the student receives after filing the FAFSA. Your Federal EFC, or Expected Family Contribution, is calculated as part of the FAFSA process and is used to determine eligibility for need-based federal, state, and institutional aid programs. What is a Federal EFC and where can I find mine? When funds are ready, you will receive an email from SMU and a separate email from Chase with instructions on how to accept the funds. bank account can receive money through Chase QuickPay® regardless of which bank they use. However, you are NOT required to have a valid checking or savings account with Chase Bank in order to use the QuickPay®service. You will be required to set up a Chase QuickPay® account if you have not done so already. Funds will not be disbursed to your SMU student account. HEERF Funds will be distributed directly to students through Chase Bank’s QuickPay®. HEERF is an acronym for the Higher Education Emergency Relief Fund. ![]()
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