The Coronavirus Aid, Relief, and Economic Security (CARES) Act set aside funds for institutions of higher education to provide assistance to students facing financial challenges due to COVID-19 pandemic. Lexington Theological Seminary was awarded $7,748 through the CARES ACT. The Seminary has disbursed $7,200 (93%) of the total award directly to students. All students who submitted a FAFSA received a disbursement. Information was sent directly to students. As a result of the Coronavirus Relief Aid, Relief and Security known as the CARES Act, Lexington Theological Seminary students were able apply for financial assistance through the HEERF Program.
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.
Lexington Theological Seminary signed and submitted the certification and agreement to the federal Dept. of Education on July 16, 2020 to receive funds under HEERF. LTS has set aside 93% of the funds for Emergency Financial Aid Grants to students upon receipt of the funds.
- 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.
Lexington Theological Seminary has received approval for $7,748 and is setting aside $7,200 (93%) of the funds for direct student relief upon receipt.
- 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).
Lexington Theological Seminary has not yet distributed funds to students as it has not been able to gain access to the funds.
4. The estimated total number of 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.
5. The total number of students who have received an Emergency Financial Aid Grant to students under Section 18004(a)(1) of the CARES Act. (For example, if you have not issued grants to students yet or have issued fewer than 10 grants, you should indicate that <10 students have received a grant)
6. 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.
A student enrolled between March 16 and July 31, 2020.
Eligible for funding under Title IV of the Higher Education Act of 1965.
Completed a 2019-202 Free Application for Federal Student Aid (FAFSA)
Students with EFC < $25,000 receive $600
Students with EFC > $25,000 receive $300
7. Any instructions, directions, or guidance provided by the institution to students concerning the Emergency Financial Aid Grants.
Upon receipt of funds, Lexington Theological Seminary will send the following email to eligible students.
The Coronavirus Aid, Relief, and Economic Security (CARES) Act has set aside funds for colleges and universities to help assist students with financial challenges caused by the COVID-19 pandemic.
LTS was awarded $7,748 through the CARES ACT to assist our students. We will award $7,200 (93%) of these funds directly to students with financial needs. All students who submitted a 2019-20 FAFSA and qualify for funding under Title IV of the Higher Education Act of 1965 will receive a disbursement.
You have been awarded $_______ from the CARES ACT Grant to help assist you with challenges you may have faced during the spring and summer terms of 2020. These funds may be used for (but are not limited to) food, course materials, technology, health care, and child care. These funds are not intended to be used for loss of wages or tuition.
If we currently have your direct deposit information on file your funds will post to your bank account on __________. If you do not have your direct deposit information on file with us you will receive a check in the mail.