Act Funding (MSI)
The Financial Aid Emergency Grant
Application is now available for those Title IV qualified students who are
eligible to receive funding from the CARES Act Grant. Laredo College students
who were enrolled in the SUMMER 2020 semester and were impacted by the COVID
-19 pandemic, which was declared on March 13, 2020, can submit this online
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
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 (MSI) 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.
the Summer CARES Act Funds (MSI), Title IV eligible students must meet the following
Citizen or an eligible non-citizen (including a U. S. National or
- Have completed a 2019 – 2020 Free Application for Federal Student Aid
Verification, if selected
meet Financial Aid Satisfactory Academic Progress (2.0 GPA and 67%
enrolled for at least 1 eligible credit hour or more in an eligible
degree or certificate program for the Summer Session I 2020
- Summer Session II 2020 students do not qualify for the Summer Cares Act Funding - MSI
Summer Financial Hardship Allowable Expenses:
of Educational Support/Course Materials
(Internet Services, Online Books, Equipment, Software/Hardware, Hotspot
Internet Devices, Laptop, etc)
Care/Medical Expenses/Health insurance (co-pays)
(Gas/Uber, Vehicle Repairs, Insurance, etc.)
CARES Act Questions & Answers (Q & A)
- Do I need to complete a FAFSA to receive Summer CARES Act funds?
students must have a successfully completed FAFSA on file. Students who
have not filed a FAFSA, and are in need of financial assistance, should
immediately file a 2019-2020 FAFSA.
do I know if I am eligible to file a FAFSA?
eligibility criteria to file a FAFSA, as outlined in Section 484 of the
Higher Education Act (HEA), include but are not limited to the
citizenship or eligible noncitizen
Social Security number
with Selective Services, if male
school diploma, GED, or completion of high school in an approved
dual enrolled students be eligible for the Summer CARES Act Funding?
unfortunately those students are not eligible.
undocumented students and international students receive funds under the Summer CARES Act?
international and undocumented students are not eligible for CARES Act
am enrolled in an online program; do I qualify for CARES Act funds?
- Yes, you will be eligible for Summer CARES Act funds if you were enrolled in
an online program after March 13, 2020.
students enrolled in a non-degree or certificate program eligible for Summer CARES Act funds?
only students enrolled in a degree-seeking program are eligible.
I need to be meeting satisfactory academic standards (SAP) to receive
to be eligible for Summer CARES Act funding, you must meet Satisfactory
AcademicProgress (SAP) standards, which are
established by the Financial Aid & Veterans Affairs Services Center
following Federal guidelines.
have an outstanding tuition/housing balance for the current semester;
would these funds be applied to that balance?
the funds will be sent directly to you.
long before I receive funds?
will be processed on a first-come, first-served basis.
will I receive funds if my request is approved?
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
these funds affect other aid that I have already received?
- No, Summer CARES Act Funds will not reduce your financial aid package.
- Are Summer CARES Act Funds taxable and included on a 1098-T?
unclear at this time, but it appears that these grants may be legally
exempt from 1098-T reporting and exempt from taxation altogether.
much funding is available?
will keep you updating on the award amounts for each student.
I have an institutional debt (Emergency Loans, TPEG Loans, Return 2 Title
IV, Installment Plan, etc), will I have to use the SummerCARES Act Emergency
Funding to cover this debt(s)?
the Summer CARES Act requires institutions to provide the emergency financial
aid grants to student. It will be up to the student to use the CARES Act
Emergency Funding to pay the outstanding balance.
College Higher Education Emergency Relief Fund Report - MSI
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 Summer CARES Act to provide Emergency
Financial Aid Grants to students.
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
3. The total amount of Emergency Financial Aid Grants
distributed to students under Section 18004(a)(1) of the Summer CARES Act as of the
date of submission (i.e., as of the 30-day Report and every 45 days
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
5. The total number of students who have received an
Emergency Financial Aid Grant to students under Section 18004(a)(1) of the Summer CARES Act.
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 Summer CARES Act.
7. Any instructions, directions, or guidance provided
by the institution to students concerning the Emergency Financial Aid
Laredo College will notify eligible students of the process and any additional requirements.
be advised, due to the COVID – 19 crises we will respond to your email within
72 hours. The Financial Aid
Centers' customer service is available via email and by phone (956-721-5361 or
956-794-4361) Monday through Thursday from 8:00 am to 6:00 pm and Friday
from 8:00 am to 12:00 noon.
emails are received during the weekend, we will respond on Monday in the order
they were received. We ask for your patience as the call and email volumes are