CARES Act Compliance

The Coronavirus Aid, Relief and Economic Security (CARES) Act allocates funds to support individuals and businesses/organizations, including colleges and universities, affected by the pandemic and economic downturn. UT has received funds under the CARES Act and is working to provide emergency assistance to as many students as possible to help them meet their emergency financial needs during this challenging time.

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Report and Disclosure

CARES Act Emergency Assistance The University of Texas at Austin.

1. Acknowledgment

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 CARES Act to provide Emergency Financial Aid Grants to students.

UT Austin signed and returned to the Department of Education the Certification and Agreement. The university will award $15,731,161 of the funds received under Section 18004(a)(1) of the CARES Act to provide Emergency Financial Aid Grants to students.

2. Total Amount Received

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 Students.

The total amount of funds that UT received on April 25, 2020, from the U.S. Department of Education for distribution to students is $15,731,161.

The total funds that UT received on May 18, 2020, from the U.S. Department of Education for institutional use and support is $15,731,160.

3. Total Amount Distributed to Students

The total amount of Emergency Financial Aid Grants distributed to students under Section 18004(a)(1) of the CARES Act as of the date of submission (i.e., as of the 30-day Report and every 45 days thereafter).

The total amount of emergency grants distributed to students under section 18004(a)(1) of the CARES Act is $14,117,339*.

*Updated as of  September 30, 2020

The total amount of Institutional Portion expended under Section 18004(a)(1) of the CARES Act as of the date of submission (i.e., as of the 30-day Report and every 45 days thereafter).

The total amount of funds expended for institutional support under section 18004(a)(1) of the CARES Act is $0.*

*Updated as of October 15, 2020

4. Estimated Total Number of Eligible Students

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 Act.

The estimated total number of students at UT eligible to participate in programs under section 484 in Title IV of the Higher Education Act of 1965 and thus eligible to receive emergency grants under section 18004(a)(1) of the Cares Act is 29,997*.

*Updated as of  September 30, 2020

5. Total Number of Student Recipients

The total number of students who have received an Emergency Financial Aid Grant to students under Section 18004(a)(1) of the CARES Act.

The total number of  UT students who received an emergency grant under section 18004(a)(1) of the CARES Act is 9,667*.

*Updated as of  September 30, 2020

6. Method Used to Determine Eligibility

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 CARES Act.

Students submitted CARES Act emergency financial aid grant applications indicating their need for funds due to expenses related to the disruption of campus operations due to COVID-19.

The verified FAFSA was used to confirm that recipients met the eligibility requirements of the CARES Act.

Students who were eligible for federal Pell grants were eligible for spring award amounts up to $2,000 or summer award amounts up to $1,500. Non-Pell eligible students with an AGI between $0-$125,000 could receive up to $1,500 in the spring or $1,250 in the summer.

7. Information and Application Instructions for Students

Any instructions, directions, or guidance provided by the institution to students concerning the Emergency Financial Aid Grants.

Information regarding the application for, and awarding of, the CARES Act emergency aid grants was published on the university’s website at https://onestop.utexas.edu/cares-act-faq. Pell eligible students and students with an AGI up to $65,000 were sent an email directing them to the CARES Act information and application.

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