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CARES Act Disclosure

  1. DePauw University signed and returned to the Department, the Certification and Agreement to apply for funding under Section 18004(a)(1) of the Coronavirus Aid, Relief, and Economic Security Acts (CARES Act) on April 22, 2020. The University intends to use no less than 50 percent of the funds received to provide emergency financial aid grants to students.  
  2. The University was approved and received $787,264 in funding from the Department on May 9, 2020 to award as emergency financial aid grants to students.
  3. The University approved a plan of distribution of funds to students and as of June 30, 2020 all $787,264 has been awarded to eligible students.
  4. An estimated 1,235 students were determined to be eligible to participate in programs under Section 484 in the Title IV of the Higher Education Act of 1965 and thus eligible to receive Emergency Financial Aid Grants under Section 18004(a)(1) of the CARES Act.
  5. At least 1,067 students received an emergency financial aid grant.
  6. All FAFSA filing Pell eligible students received a payment of $1,100 per student and all FAFSA filing non-Pell eligible students whose expected family contribution does not exceed the cost of attendance at the University during the 19-20 academic year received $500 per student.
  7. Students were provided instructions on the usage of the funds via notification from the Financial Aid Office and instructed to use the funds for expenses related to the disruption of campus due to the coronavirus.

CARES Act Quarterly Budget and Expenditure Institutional Reporting - Ending September 30, 2020 (First and Final Report)