King University was awarded funds under the Coronavirus Repose and Relief Supplemental Appropriations Act, 2021 (CRRSAA). The student portion of funds received from CRRSAA were awarded and mailed to King University students on March 30, 2021. Eligible students and amounts were awarded under the guidelines that were in place on that date. The total awarded was $703,782. This exceeded the required distribution per the requirements of the Department of Education.
The guidelines in place on March 29, 2021, dictated that an institution deliver these funds to students determined to have “exceptional need.” Unlike the last CARES Act distribution, this population also included exclusively online students.
These Emergency Grant funds were disbursed based on guidance from a January 14, 2021 letter from Acting Assistant Secretary for Postsecondary Education, Christopher K. McCaghren. Guidance in this letter required that an institution prioritize students with “exceptional need.” Calculations were based on the student’s Estimated Family Contribution (EFC) from the 2020-2021 FAFSA and a student’s enrollment status (full-time or part-time).
It was determined that King University had 1722 students on March 22, 2021, and of these students, 838 met the criteria for an emergency grant. The amounts for students ranged from $145 to $965, with full-time students receiving the largest amounts.
Current as of 3/29/2021