CARES Act Funding (FALL 2020)   

CARES Act Funding (FALL 2020)   

Laredo College has received the U.S. Department of Education Higher Education Emergency Relief Funds (HEERF) funded by the Coronavirus Aid Relief and Economic Security (CARES) Act, which was passed by Congress and signed into law in March.  

The CARES Act money will be distributed to students that meet certain requirements.  These funds will be used to assist Title IV eligible students as part of the Federal Coronavirus Aid Relief and Economic Security (CARES) Act to directly support Title IV eligible students who are facing financial challenges due to the ongoing COVID-19 pandemic. 

Laredo College Title IV eligible students will have access to the U.S. Department of Education Higher Education Emergency Relief Funds.  The CARES Act funds will be used to address Financial Hardship (To include: Housing, Utilities, Lack of Educational Support, Food, Technology, Medical Expenses, Books, Supplies, Transportation expenses, Gas and Health Insurance) due to the COVID-19 epidemic. 

• Title IV eligible students that received an email must complete a CARES Act application by clicking the following link: https://forms.laredo.edu/forms/fallcares/home

• U.S. Citizen or an eligible non-citizen (including a U. S. National or Permanent Resident)

• Have completed the 2020 - 2021 Free Application for Federal Student Aid (FAFSA), to apply visit www.fafsa.ed.gov

• Complete Verification, if selected

• Must meet Financial Aid Satisfactory Academic Progress (2.0 GPA and 67% completion rate)

• Be enrolled for at least 3 eligible credit hours or more in an eligible degree or certificate program for the Fall 2020 Semester

• Food/Groceries

• Housing/Rent/Utilities/Mortgage (cell bill)

• Lack of Educational Support/Course Materials

• Technology (Internet Services, Online Books, Equipment, Software/Hardware, Hotspot Internet Devices, Laptop, etc)              

• Health Care/Medical Expenses/Health insurance (co-pays)      

• Childcare/Dependent Expenses

• Transportation (Gas/Uber, Vehicle Repairs, Insurance, etc.)                    

• Other

Laredo College Higher Education Emergency Relief Fund Report 

 1.   An acknowledgement that the institution signed and returned to the Department the Certification and Agreement and the assurance that the institution has used, or intends to use, 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. 

• 2020 CARES Act Grant Certification Agreement

2.   The total amount of funds that the institution will receive or has received from the Department pursuant to the institution’s Certification and Agreement [for] Emergency Financial Aid Grants to Students. 

• Laredo College has received the U.S. Department of Education Higher Education Emergency Relief Funds (HEERF), funded by the Coronavirus Aid Relief and Economic Security (CARES) Act. Laredo College received a total amount $8,926,222 of which $4,463,111 will be distributed to eligible Title IV students affected by the COVID-19 pandemic.

3.   The total amount of Emergency Financial Aid Grants distributed to students under Section 18004(a)(1) of the CARES Act as of the date of submission (i.e., as of the 30-day Report and every 45 days thereafter). 

• As of 11/2020, Laredo College has distributed $1,355,200 of CARES Act Funding. 

4.   The estimated total number of students at the institution 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 to students under Section 18004(a)(1) of the CARES Act. 

• Laredo College has identified approximately 3,538 Title IV eligible students to receive the Emergency Cares Act Funding for Fall 2020.

5.   The total number of students who have received an Emergency Financial Aid Grant to students under Section 18004(a)(1) of the CARES Act. 

• Out of 3,538 Title IV eligible students 1,694 have received Emergency Financial Aid Grant.

6.   The method(s) used by the institution to determine which students receive Emergency Financial Aid Grants and how much they would receive under Section 18004(a)(1) of the CARES Act. 

FALL 2020:

• Laredo College awarded $800.00 to all students who were Title IV eligible for 2020 - 2021 aid year and submitted a Cares Act application. 

• U.S. Citizen or an eligible non-citizen (including a U. S. National or Permanent Resident) 

• Have completed the 2020 – 2021 Free Application for Federal Student Aid (FAFSA), to apply visit www.fafsa.ed.gov

• Complete Verification, if selected 

• Must meet Financial Aid Satisfactory Academic Progress (2.0 GPA and 67% completion rate) 

• Be enrolled for at least 3 eligible credit hours or more in an eligible degree or certificate program for the Fall 2020 Semester 

7.   Any instructions, directions, or guidance provided by the institution to students concerning the Emergency Financial Aid Grants. 

• Laredo College created a CARES Act information website dedicated to provide up-to-date CARES Act Funding information to Laredo College students and community. 

Laredo College will notify eligible students of the process and any additional requirements. 

Please check your LC Email and/or the Financial Aid Website for details and updates. In addition, stay tuned for communications from Laredo College regarding the distribution of CARES Higher Education Emergency Relief Fund (HEERF) Grants. 

For further information or questions, please email finaid@laredo.edu or call 956-721-5361/956-794-4360