• Higher Education Emergency Relief Fund Reporting- Emergency Financial Aid Grants to Students    

    1. Coastal Bend College has signed and returned to the Department of Education the Certification and agreement and the assurance 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. 

    2. Coastal Bend College has received a total of $1,066,771 from the Department of Education pursuant to the institution's Certification and Agreement [for] Emergency Financial Aid Grants to Students. 

    3. As of May 06, 2020, Coastal Bend College has distributed the following total amounts of Emergency Financial Aid Grants to students:

    $317,000 (5/22/2020)
    $330,800 (30 Day-Report- 5/30/2020)
    $632,200 (45 Day-Report- 7/14/2020)
    $996,300 (Quarterly Report- 10/10/2020)

    4. The institution estimates that a total of 2008 students at Coastal Bend College are 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.
      

    5. As of May 22, 2020, a total of 540 students have received an Emergency Financial Aid Grant to students under Section 18004(a)(1) of the CARES Act. 

    6. The institution used the following method(s) to determine which students receive Emergency Financial Aid Grants and how much they would receive under Section 18004(a)(1) of the CARES Act:   

    The College will allocate approximately $1,066,771 in funds to assist students registered in the Spring 2020 semester needing assistance for expenses related to the disruption of campus operations due to coronavirus as stipulated by the Coronavirus Aid, Relief, and Economic Security Act (CARES) Act. Coastal Bend College expects to serve The college will allocate 60% of relief funds to “eligible” students who were enrolled full-time at CBC during the Spring 2020 Semester and 35% of relief funds to “eligible” students who were enrolled part-time at CBC during the Spring 2020 Semester. CBC will also designate 5% of relief funds for students who may qualify for CARES ACT relief aid and become eligible after the initial distribution of funds. 

    7. Coastal Bend College developed a CARES Act Distribution FAQs online web page for students as a resource for students with instructions, directions, or guidance provided by the institution to students concerning the Emergency Financial Aid Grants. The web page can be found by visiting the following link:  https://cbcmediacenter.com/cares_act/