Federal CARES Act Funding
On April 16, 2020, Embry-Riddle Aeronautical University signed and returned to the Department of Education the Certification and Agreement that states the institution will use no less than 50 percent of funds received under Section 18004(a)(1) of the CARES Act to provide Emergency Financial Aid Grants to students. Embry-Riddle Aeronautical University received Grant Award Notification for Authorized Funding in the amount of $3,422,858 with a period of performance beginning April 24, 2020. The estimated total number of students 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 is 8,044. Total CARES Act funds disbursed to students as of May 14, 2020 is $65,083 to 113 students.
Applications and supporting documentation are reviewed by a University Committee, and award amounts are determined by the student’s request along with supporting documentation and funding limits.