CARES Act Funds

0
Spring 2020
0
Summer 2020
0
Fall 2020
0
Total 2020

CARES Disbursements to Students:  $538,270


JUNE UPDATE

The CARES Act Higher Education Emergency Relief Fund-IHE/Student Aid provides funding to institutions to provide emergency financial aid grants to students whose lives have been disrupted, many of whom are facing financial challenges and struggling to make ends meet.

CERTIFICATION STATEMENT

SouthArk has signed a Certification and Acknowledgment agreement with the U.S. Department of Education that the college will use at least 50% of our CARES funds to send direct payments to students. SouthArk was the first college in Arkansas to issue the Emergency Financial Aids Grants to students under this program.


STUDENT ELIGIBILITY

Method used to determine student eligibility:
• Degree-seeking student
• Enrolled in at least six credit hours as of March 12, 2020
• Excludes concurrent credit, noncredit, and non-degree seeking students
• Must meet certain eligibility requirements in section 484 of the Higher Education Act

Process for awarding funds to students:
Eligible students are emailed a certification form, which they identify how funds will be utilized within the CARES Act allowable expense categories

If you feel you meet the above criteria and have not already received CARES ACT funds, please complete out the pre-screening form.


CARES ACT FUND BY THE NUMBERS

Amount awarded to SouthArk for Emergency Financial Aid Grants to students:
$535,756

Split of Funds to be awarded by semester: (subject to change based on student responses)
Spring (60%)
Summer (10%)
Fall (30%)

Number of students who have received an Emergency Financial Aid Grant from the CARES Act:
As of May 28, 2020: 598

Amount disbursed to students:
As of May 28, 2020: $269,100

Award structure:
Flat award amounts for all eligible students

Method of payment:
SouthArk mailed Emergency Financial Aid Grant checks to eligible students


*For additional information or questions, please contact Adrienne Lawrence at This email address is being protected from spambots. You need JavaScript enabled to view it. or 870.875.7262.

CARES Disbursements to Institutional: $174,044.87

Quarterly Budget and Expenditure Report 

INFORMATION

SouthArk is a recipient of U.S. Department of Education funds to assist the college to cover significant changes in the delivery of instruction and other academic needs for students, faculty, and staff because of the COVID-19 pandemic. SouthArk will use the funds to improve remote educational access and delivery to our students. This includes upgrades and improvements to our information technology infrastructure and direct assistance to students through tutoring, advising, counseling, and financial aid.

A letter from the Secretary of Education announcing the program is located at the following link:
https://www2.ed.gov/about/offices/list/ope/heerfinstitutionalcoverletter.pdf

 

CARES Disbursements to SIP: $52,104

 

JUNE UPDATE

The CARES Act Higher Education Emergency Relief Fund-IHE/Student Aid provides funding to institutions to provide emergency financial aid grants to students whose lives have been disrupted, many of whom are facing financial challenges and struggling to make ends meet.

INFORMATION

SouthArk is a recipient of Department of Education funds for the Strengthening Institutions Program (SIP) that can be used for college needs during this COVID-19 pandemic.

A letter from the Secretary of Education announcing the program is located at the following link:
https://www2.ed.gov/about/offices/list/ope/coverletterhbcumsisiptccu.pdf

STUDENT ELIGIBILITY

Method used to determine student eligibility:
• Degree-seeking student
• Enrolled in at least six credit hours as of March 12, 2020
• Excludes concurrent credit, noncredit, and non-degree seeking students
• Must meet certain eligibility requirements in section 484 of the Higher Education Act

Process for awarding funds to students:
Eligible students are emailed a certification form, which they identify how funds will be utilized within the CARES Act allowable expense categories


CARES ACT FUND BY THE NUMBERS

Amount awarded to SouthArk for Emergency Financial Aid Grants to students:
$535,756

Split of Funds to be awarded by semester: (subject to change based on student responses)
Spring (60%)
Summer (10%)
Fall (30%)

Number of students who have received an Emergency Financial Aid Grant from the CARES Act:
As of May 28, 2020: 598

Amount disbursed to students:
As of May 28, 2020: $269,100

Award structure:
Flat award amounts for all eligible students

Method of payment:
SouthArk mailed Emergency Financial Aid Grant checks to eligible students


*For additional information or questions, please contact Adrienne Lawrence at This email address is being protected from spambots. You need JavaScript enabled to view it. or 870.875.7262.

CARES Disbursements to SouthArk:  $113,745.53

INFORMATION

The state of Arkansas received COVID-19 relief funds to assist educational institutions around the state to order necessary supplies for K-12 and Higher Education programs to combat the spread of COVID-19.  SouthArk received an allocation through the Arkansas Department of Health.

SOUTHARK PURCHASES

With the funds, SouthArk has ordered $83,617.96 worth of supplies for arrival in mid-August with plans to use the rest of the allocation for an order in August.

Items purchased with these funds include:

Surgical masks

Cloth masks

Gloves

Face shields

Goggles

Thermometers

Batteries

Rubbing alcohol

Hand sanitizers

Sanitizing sprays

Sanitizing wipes

Bleach

Trash bags

Isolation gowns


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