HEERF I - CARES Act Higher Education Emergency Relief Funds
Binghamton University acknowledges an authorized representative of the institution has signed and returned to the Department the Certification and Agreement and the institution has used, or intends to use, no less than 50 percent of the funds received under Section 18004(a)(1) of the CARES Act to provide Emergency Financial Aid Grants to students.
Binghamton University has received $13,607,332 from the Department of Education pursuant to the Certification and Agreement for which 50% of $6,803,666 is designated as Emergency Financial Aid Grants to Students.
Binghamton University, under Section 18004(a)(1) of the CARES Act, has distributed the following funds as of the date noted:
The estimated total number of students eligible to participate in the 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:
|Rounds 1 & 2||11,420|
The total number of students who have received an Emergency Financial Aid Grant to Students under Section 18004(a)(1) of the CARES Act are as follows:
|Date||Total Number of Students who Received an Emergency Financial Aid Grant (cumulative)|
Binghamton University prioritized awarding of Emergency Financial Aid Grants to FAFSA filers only and in the following manner (methodology):
- Round 1
Undergraduate students received awards ranging from $750 to $2,500 with Expected Family Contribution (EFC), size of household, and number in college as determinants in the award calculation.
Graduate students receive a grant in the amount of $750 with Expected Family Contribution (EFC) as the determinant.
- Round 2
Graduate students with an EFC greater than 5,576 and Undergraduate students with an EFC greater than 7,000 and part-time students that were not awarded in Round 1, adn who demonstrated additional educational expenses due to the COVID-19 pandemic via an application process. The application for this funding closed on July 1, 2020. Awards granted via the application process did not exceed $500 per student. Due to limited funding, not all applicants received an award.
Students that received CARES Act funding in the 1st round were not eligible for additional funding through the application process.
- Round 3
Graduate and Undergraduate students received awards in the amount of $626, with Expected Family Contribution (EFC), size of household, and number in college as determinants in the award calculation.
Students that received CARES Act funding in prior rounds were not eligible for additional funding.
In all three rounds, students were required to certify and attest (online via the MyBinghamton portal) to the CARES Act Funding Student Acknowledgement:
I certify that I have, or will incur, allowable expenses for food, housing, technology, course materials, health care, childcare, and/or transportation as a result of the disruption of campus operations due to COVID-19. These allowable expenses will be equal to or in excess of the amount of my CARES Act grant award. I understand it is my responsibility to notify Financial Aid and Student Records immediately
if I will not incur expenses that equal or exceed the amount of my award. I acknowledge that I have read and understand the CARES Act grant eligibility requirements as noted in the Binghamton University Cares Act Grant communication previously sent to me on XX/XX/XXXX
Per SUNY approval, all remaining funds were released beginning 12/3/20 through 12/30/20 to students who did not yet certify and attest to the CARES Act Funding Student Acknowledgement.
HEERF Institutional Funds
Below is the required quarterly reporting for HEERF Institutional Funds made available through CARES, CRRSAA, and the ARP: