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Higher Education Emergency Relief Fund Disclosures

The following information is provided per U.S. Department of Education reporting requirements and represents our final quarterly reporting for these funds.

Coronavirus Aid, Relief and Economic Security Act (CARES)

1) Vanderbilt acknowledges that it has signed and returned to the U.S. Department of Education the Certification and Agreement for funds received under Section 18004(a)(1) of the CARES Act to provide Emergency Financial Aid Grants to students.

2) The total amount of funds Vanderbilt has received from the Department pursuant to the institution’s Certification and Agreement [for] Emergency Financial Aid Grants to Students is $2,816,212.

3) 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) is $2,816,212.

4) The estimated total number of students at Vanderbilt 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 is 5,842.

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 is 2,561.

6) The method(s) used by Vanderbilt to determine which students receive Emergency Financial Aid Grants and how much they would receive under Section 18004(a)(1) of the CARES Act are outlined below:

  • In alignment with the recommendations from Secretary of Education, Betsy DeVos, Vanderbilt distributed the funds to Title IV aid-eligible students with an expected family contribution (EFC) of $11,225 or less, i.e., to those students with the greatest identified need. In addition to the EFC of $11,225 or less, each undergraduate recipient must have received aid in the spring and each graduate or professional recipient must have received federal loans in the spring. This approach provides aid to approximately 20% of Vanderbilt’s students.

7) Instructions, directions, or guidance provided by Vanderbilt to students concerning the Emergency Financial Aid Grants, included the following:

Eligible students were notified they would:

  • Receive an award (emergency financial aid grant) through CARES Act funding provided to the university.
  • The amount of the award.
  • The award/refund would be generated from individual student accounts and provided via direct deposit.
  • For those who do not have direct deposit, a check will be mailed to the student’s home address.

Coronavirus Response and Relief Supplemental Appropriations Act (CRRSAA)

American Rescue Plan (ARP)

1) Vanderbilt acknowledges that it has agreed to the terms and conditions outline by the U.S. Department of Education for funds received under the CRRSAA and ARP (a)(1) and (a)(4) programs to provide Emergency Financial Aid Grants to Students.

2) The total amount of funds that the institution will has received from the Department pursuant to the institution’s Certification and Agreement for Emergency Financial Aid Grants to Students under the CRRSAA and ARP (a)(1) and (a)(4) programs is $10,120,361.

3) The total amount of Emergency Financial Aid Grants distributed to students under the CRRSA and ARP (a)(1) and (a)(4) programs as of the date of submission (i.e., as of the initial report and every calendar quarter thereafter) is $10,120,361.

(4) The estimated total number of students at the institution that are eligible to receive Emergency Financial Aid Grants to Students under the CRRSAA and ARP (a)(1) and (a)(4) programs are as follows:

CRRSAA: 6,289

ARP: 13,089

(5) The total number of students who have received an Emergency Financial Aid Grant to students under the CRRSAA and ARP (a)(1) and (a)(4) programs are as follows:

CRRSAA: 2,734

ARP: 4,300

6) The method(s) used by Vanderbilt to determine which students receive Emergency Financial Aid Grants and how much they would receive under the CRRSAA and ARP (a)(1) and (a)(4) programs are outlined below:

  • CRRSAA Funding: In alignment with the recommendations from the Secretary of Education, Vanderbilt distributed the funds to Title IV aid-eligible students with an expected family contribution (EFC) of $11,225 or less, i.e., to those students with the greatest identified need who were enrolled in the spring 2021 term. In addition to the EFC of $11,225 or less, each undergraduate recipient must have received aid in the spring and each graduate or professional recipient must have received federal loans in the spring. This approach provided aid to approximately 21% of Vanderbilt’s students. Each student’s award equaled approximately $1,030.
  • ARP Funding: In alignment with the recommendations from the Secretary of Education, Vanderbilt distributed the funds to eligible students with an expected family contribution (EFC) of $25,000 or less, i.e., to those students with the greatest identified need who were enrolled in the spring 2021 term. In addition to the EFC of $25,000 or less, each recipient must have received aid in the fall 2020 or spring 2021 semesters. This approach provided aid to approximately 32% of Vanderbilt’s students. Each student’s award equaled approximately $1,698.

7) Instructions, directions, or guidance provided by Vanderbilt to students concerning the Emergency Financial Aid Grants, included the following:

Eligible students were notified they would:

  • Receive an award (emergency financial aid grant) through CRRSAA and/or ARP funding provided to the university.
  • The amount of the award.
  • The award/refund would be generated from individual student accounts and provided via direct deposit.
  • For those who do not have direct deposit, a check will be mailed to the student’s home address.
  • Based upon the language of the law authorizing the awards, these funds are to be used to help fund any component of your cost of attendance and/or any other emergency costs that arise due to the coronavirus such as tuition, food, housing, health care (including mental) and child care. 

Vanderbilt University has also received additional funding based upon Section 18004(c) of the CARES Act. Vanderbilt’s final Quarterly Budget and Expenditure Report, dated 10/30/2020 and amended on 03/23/2021, can be found here.

Vanderbilt University has also received additional funding through the Coronavirus Response and Relief Supplemental Appropriations (CRRSA) Act and American Relief Plan (ARP).  Vanderbilt’s Quarterly Budget and Expenditure Report, dated 06/30/2021 can be found here.