CORONAVIRUS AID, RELIEF, & ECONOMIC SECURITY (CARES) ACT
Federal Emergency Relief Fund Payments for Iowa Lakes Students
Iowa Lakes Community College has signed and returned to the U.S. Department of Education 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.
Iowa Lakes Community College received $483,444 from the US Department of Education pursuant to our Certification and Agreement for Emergency Financial Aid Grants to Students.
As of the date of this report, $484,819 was distributed to students under Section 18004(a)(1) of the CARES Act.
Iowa Lakes had an estimated 561 students at the institution who are or could be eligible to participate in the Federal student financial aid programs under Section 484 of the Higher Education Act of 1965, as amended, and thus are eligible to receive Emergency Financial Aid Grants to students under Section 18004(a)(1) of the CARES Act.
A total of 561 students have received an Emergency Financial Aid Grant to students under Section 18004(a)(1) of the CARES Act.
Current Iowa Lakes students are receiving payments from the Higher Education Emergency Relief Fund, a federal grant funded by the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Payments are now being issued to eligible students.
The federal program allows Iowa Lakes to provide cash grants to students for expenses related to disruptions to their education due to the COVID-19 outbreak, including things like course materials and technology as well as food, housing, health care, and childcare.
Eligible students receiving payments include:
- Full-time (12 credits or more) Title IV/FAFSA eligible student receive $925 each
- Part-time (6 credits or less) Title IV/FAFSA eligible student receive $450 each
A student’s credits are determined by what they were enrolled in at the time of campus closure and do NOT include already completed credits.
Ineligible Students include:
- Non-Title IV/FAFSA eligible
- Fully on-line/web student
**Though initial grant funds are limited, we are coordinating additional resources that can be used to help students address these concerns. Title IV/FAFSA eligible students whose education has been severely impacted may apply for additional funds by completing the Student Emergency Funds Application Form application by June 1, 2020. Receipts/documentation may be required.
**All funds have been distributed.
Number of Students eligible: 559
Number of Students who have received a payment: 559
Amount of funds issued: $483, 444
What can these emergency funds be used for?
The funds must be used to cover expenses related to the disruption of campus operations due to coronavirus (including eligible expenses under a student's cost of attendance, such as food, housing, course materials, technology, health care, and childcare).
Do I need to complete the 2019-2020 FAFSA?
Yes. In order to apply, you must be eligible for Federal Student Aid and have completed the 2019-2020 FAFSA, including any verification required.
Can I get the grant for the summer 2020 or fall 2020 term?
No, the grant is for the spring 2020 term only.
I lost my job, can I get a grant because of that?
No, the funds can only be applied to cover expenses due to the disruption of campus operations this spring.
I was ineligible for financial aid in the spring semester, am I able to receive this grant?
No, you need to be Title IV eligible to receive the grant.
I am a student who received an emergency financial aid grant from the CARES Act for unexpected expenses, unmet financial need, or expenses related to the disruption of campus operations on account of the COVID-19 pandemic. Is this grant included in my gross income?
No. Emergency financial aid grants under the CARES Act for unexpected expenses, unmet financial need, or expenses related to the disruption of campus operations on account of the COVID-19 pandemic, such as unexpected expenses for food, housing, course materials, technology, health care, or childcare, are qualified disaster relief payments under section 139 of the Internal Revenue Code. This grant is not included in your gross income.