New York Theological Seminary has signed and returned the Certification and Agreement to the Department of Education acknowledging that we will use 50% of the funds received from the CARES Act to award as Emergency Financial Aid Grants to students. We received a total of $22,987 and we are using 50%, or $11,494, in grants directly to students.
At the time of reporting on September 30, 2020 we have distributed approximately $8,000 to students as we work through the latest guidance from the federal government as to which students are eligible to receive grants through the CARES Act Higher Education Emergency Relief Fund and how much each eligible student should receive.
As of September 30, 2020, grants were issued to 5 eligible students. These students were determined eligible based on the Department of Education requirements using the following criteria:
● Enrollment in a degree-seeking program [M.Div., MAPCC, MARE, MARLA, MAYM, D.Min.] in the Spring 2020 term as a graduate student with Title IV eligibility.
● Eligible as determined by the Free Application for Federal Student Aid or FAFSA. According to the U.S. Department of Education, only students who are eligible to participate in Federal Title IV programs may receive CARES Act funds.
● A valid Social Security number
● U.S. citizenship or eligible noncitizen
● Registration with Selective Service (if the student is male)
● Maintain satisfactory academic progress in their course of study
● Do not owe a refund on grants previously received or in default on any federal student loans
For those students who were not issued a CARES Act grant, NYTS has created an alternative avenue for meeting emergency needs and has contacted students through email to do so.
Apply for CARES Act Grant – Apply Here