Arkansas State University-Newport shared in a press release on Monday that the institution received CARES Act funding during the Spring 2020 semester to assist students facing a multitude of hardships caused by the COVID-19 pandemic.
ASU-Newport received $633,319 in CARES Act funding and agreed to the terms of using no less than 50% of the funds for student issued grants.
ASU-Newport’s 30-Day Fund Report shows that students received $214,104 in disbursements.
As of May 24, 2020, 676 students were eligible for the institution-initiated, student-certified award.
More students can become eligible based on student-initiated requests for additional or one-time funding amounts.
649 students have received institution-initiated CARES Act funding, and 61 students received student-initiated awards.
In the ASU System, the method to disburse funds was left up to each individual institution.
To best serve their student population, ASU-Newport based student awards on the student’s enrollment status, and Pell eligibility as of March 16, 2020.
ASUN plans to replicate this process for Summer I & II to assist more students through these uncertain times.
While funds are still be distributed to qualifying Spring 2020 students, ASU-Newport’s Cares Team is working diligently to make sure each student receives their awards.
