SEASIDE, Calif. (KION) More than 6,000 students at California State University, Monterey Bay will be getting financial help through the CARES Act and Institutional Emergency Relief aid, totaling more than $3.5 million.
The emergency funds are a one-time disbursement sent as a cash payment to eligible students with direct financial assistance of $200 to $1,430. The university said students with the greatest need will get the largest payments.
According to CSUMB, almost 1,700 students got the maximum amount of funding, and more than 360 students have received extra emergency grants through a separate process. So far 5,924 students have recieved aid.
“While much of the response has focused on health and safety, the country’s financial welfare is an integral element of the Coronavirus Aid, Relief and Economic Security Act passed by Congress,” said Dr. Ronnie Higgs, Vice President of Student Affairs and Enrollment Services. “In keeping with our commitment to serving all students, we identified other non-federal sources to assist those who did not qualify under the CARES Act, including Dream Act and undocumented students. It is important for the university to
assist as many students in need as we can.”
The Higher Education Emergency Relief Fund, which is part of the CARES Act, made funding for student relief and university operating losses available. CSUMB expects to receive $8.45 million, and the university said that will be split evenly between direct relief for students and supporting operating costs.