DBI students who have been financially impacted by the COVID-19 outbreak can now access emergency funding through the Coronavirus Aid, Relief and Economic Security (CARES) Act. Funding is now available through the DBI’s Financial Aid office to assist students with expenses related to disruptions to their education due to the pandemic. Funds can only be awarded to students for “expenses related to the disruption of campus operations due to coronavirus, such as food, housing, course materials, technology, health care, and childcare expenses. Below are details about how these funds will work, and how you can apply:
- Students will apply for funding via Google form made available through the google classroom, where you will explain how you have been impacted and your overall financial need by completing google application form.
- All students who have been financially impacted by the coronavirus outbreak are encouraged to apply for funding – even if you have never applied for Financial Aid before.
- These funds are similar to grants, and do not need to be repaid.
- All Pell eligible students and all students that would have been eligible for PELL funds except they have used their maximum six years of eligibility, will receive an amount of $915.65 and all other Non-Pell eligible students but financial aid eligible students will receive an amount of $500.00 after they have provided information in the google form filled by them demonstrating their need for these funds.
If you are logged into google account or provide the credentials to login for google account, then the Students can also apply for CARES Act funds by clicking the link below
Students receiving these funds must meet the eligibility criteria in Section 484 of the Title IV Higher Education Act. Application for Federal Student Aid (FAFSA), the only way to determine if a student meets the Section 484 requirements is for a FAFSA to be filed. The student must have a completed a valid FAFSA application for the fiscal award year 2019-2020 on their financial aid student file. All students selected for the CARES Act emergency relief funding should be Title IV Financial AID eligible and must be students of DBI either currently enrolled at least half time on or any time after May 1, 2020 and up till 30th Sept 2020 for the disbursement of allocated $55,776 student funds.
Any subsequent disbursement from the leftover funds if any or additional funds received or allocated by DBI towards care relief for students will only be distributed to students who are currently enrolled at least half time in DBI at the time of disbursement and are financial aid eligible with valid award year 2020-2021 FAFSA on file prior to their request for additional funds.
The google form provides information about the emergency financial grant, including eligibility requirements. Students are requested to check applicable areas in which they need financial support for expenses related to the disruption of campus operations due to the Coronavirus (including education expenses, course materials, technology, food, housing, healthcare and childcare). We have also requested any updated contact information to be used to mail payments. The form requires the student’s signature and attestation that the information provided is correct, and that they understand the purpose for the emergency financial aid grant funds.
The Coronavirus Aid, Relief and Economic Security (CARES) Act was passed by Congress and signed into law to provide economic relief from COVID-19. One section of the CARES act established the Higher Education Emergency Relief fund and sent money to schools to use for emergency financial aid grants to students for expenses related to the disruption of campus operations due to the pandemic.
Detroit Business Institute – Downriver (DBI) has signed and returned to the Department the Certification and Agreement and the assurance that DBI will use no less than 50% of the funds received to provide Emergency Financial Aid Grants to students.
DBI has received $55,776.00 for Emergency Financial Aid Grants to disburse to students. And has estimated that 65 students may be 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.
In order to receive Emergency Financial Aid Grants and using guidance from the Department of Education that limits who/what qualifies for a grant, students are asked to complete a google form application that is shared in their google classroom. Once submitted, it is reviewed to verify whether it qualifies and, if so, then a check will be sent on the mailing address provided on their forms.
DBI Student CARES Funds Distribution Report
DBI has received $55,776.00 for Emergency Financial Aid Grants to disburse to students and as of 16th Oct 2020 DBI has disbursed $53,945.10 to 63 students who have demonstrated the need and eligibility for these funds as per the criteria and guidelines laid out above.