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Financial Aid

CRRSA Act Funding (MSI)

 

The Financial Aid Emergency Grant Application is now available for qualified students who are eligible to receive funding from the CRRSA Act Grant-Minority Serving Institution. Laredo College students who were enrolled in the SUMMER 2021 semester and were impacted by the COVID -19 pandemic, can submit this online application.

 

Laredo College has received the U.S. Department of Education Higher Education Emergency Relief Funds (HEERFII) funded by the Coronavirus Response and Relief Supplemental Appropriations Act, which was passed by Congress and signed into law in December 27, 2020. 

 

The CRRSA Act Minority Serving Institution money will be distributed to students that meet certain requirements. These funds are used to support students with the most financial need arising from the COVID-19 pandemic.

CRRSAA (MSI) funds will be used to address Financial Hardship due to coronavirus, such as tuition, food, housing, health care (Including Mental), childcare and/or any component of student’s cost of attendance.

 

To receive the Summer CRRSA Act Funds (MSI), eligible students must meet the following criteria:

  • Be enrolled for at least 1 eligible credit hour or more for Summer Session I/II 2021
  • Demonstrate exceptional financial need

 

Summer Financial Hardship Allowable Expenses: 

 

  • Any component of cost of attendance
  • Tuition
  • Books
  • Lack of educational support (including technology)
  • Food
  • Housing Health Care Child Care
  • Transportation & Personal Expenses

 

 

CRRSA Act (MSI) Questions & Answers (Q & A)


1.Do I need to complete a FAFSA to receive Summer CRRSA Act (MSI) funds?

    • No, funds are distributed based on exceptional need 

 

 2. How much funding is available?

    • Total CRRSAA (MSI) funds $819,706.00 

3. 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) (2) of the CARES Act (MSI) to provide Emergency Financial Aid Grants to students.

 

 

 

4.Total amount of CRRSA Act (MSI) distributed to students:

 

  • As of August 31, 2021 Laredo College has distributed $819,706.00 of HEERF II (CRRSAA-(MSI) funds

 

 

5. Total estimated total number of students at the institution eligible to participate under CRRSAA-(MSI)

 

  • Laredo College has identified approximately 1,664 eligible students to receive CRRSAA-MSI funds

 

 

6. Total number of students who have received CRRSA Act (MSI) funds

 

  • Out of 1,664 eligible students from Summer I, 488 students received the CRRSA Act (MSI) funds (Additional 837 students from Summer I received funds from other HEERF funds)

 

 

7. The method(s) used by the institution to determine which students receive CRRSAA-(MSI) and how much they would receive under Section 314(a)(2) of the HEERF II (CRRSAA). As required by CRRSAA, Laredo College prioritize students with exceptional need.   

  • Laredo College awarded:
    • $1,700.00 to students who had an EFC of Zero (0).
    • $1,400.00 to students who had an EFC of 1 – 5700.
    • $1,110.00 to students enrolled with EFC greater than 5700 and no FAFSA application
  • Can undocumented students and international students receive funds under the Summer CRRSA Act (MSI)?
    • Yes, international, undocumented and DACA students are eligible for CRRSA Act (MSI) funding  
  • Are students enrolled in a non-degree or certificate program eligible for Summer CRRSA Act (MSI) funds?
    • Yes, all students enrolled are eligible. 
  • I have an outstanding tuition/housing balance for the current semester; would these funds be applied to that balance?  
    • No, the funds will be sent directly to you. 
  • How long before I receive funds?
    • Requests will be processed on a first-come, first-served basis. 
  • How will I receive funds if my request is approved?
    • Direct deposit is the fastest way to receive your funds. If you do not have direct deposit with the Bursar’s Office, please request the BankMobile Option.  
  • Can these funds affect other aid that I have already received?
    • No, Summer CRRSA Act (MSI) Funds will not reduce your financial aid package. 
  • Are Summer CRRSA Act (MSI) Funds taxable and included on a 1098-T?
    • This grant is legally exempt from 1098-T reporting and exempt from taxation altogether. 
  • How much funding is available?
    • Total CRRSAA (MSI) funds $819,706.00 
  • If I have an institutional debt (Emergency Loans, TPEG Loans, Return 2 Title IV, Installment Plan, etc), will I have to use the Summer CRRSA Act (MSI) Emergency Funding to cover this debt(s)? 
    • No, the Summer CRRSA Act (MSI) funds get reimbursed directly to students. It is up to the student to use the CRRSA Act (MSI) Emergency Funding to pay the outstanding balance. 

 

Please check your LC Email and/or the Financial Aid Website: http://www.laredo.edu/cms/fa/ for details and updates. In addition, stay tuned for communications from Laredo College regarding the distribution of 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.