On March 27, Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act which provides federal grant funds to federal aid-eligible students who have encountered additional expenses as a result of campus disruptions due to COVID-19.
Must meet Federal Student Aid eligibility requirements. These requirements can be viewed on StudentAid.gov.
Must have been enrolled in at least one on-campus course at the time of disruption, March 13.
Students who were enrolled completely online in the winter semester will unfortunately not be eligible for these grant funds. Congress and the U.S. Department of Education has mandated these grant funds be awarded due to the disruption of campus operations due to Coronavirus.
We anticipate a high volume of requests. Your request will be reviewed as quickly as possible. As soon as your request is reviewed, you will receive a notification from Davenport. Students are limited to one request.
Davenport University will be processing CARES Act Emergency Grant refunds through our partner BankMobile Disbursements. Make sure you have up-to-date demographic information and a refund preference selected on your account at pantheronecard.com.
What is the CARES Act?
The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law on March 27, 2020. The purpose of the CARES Act is to provide emergency assistance to current students with the most financial need, as a result of the disruptions caused by COVID-19.
What expenses qualify under the CARES Act?
This grant has been provided to assist students with unexpected expenses related to campus disruptions as a result of COVID-19 and the transition to all distance learning. These eligible expenses include but are not limited to:
- Technology needs
- Course materials
How will I receive this grant?
Davenport will be issuing refunds the same way other student refunds are processed, using our partner BankMobile Disbursements. Ensure you have updated demographic information and a refund preference selected on pantheronecard.com.
What if I have an outstanding balance?
Davenport will not use the grant to reduce any outstanding balances. Students are still responsible for their student account balance.
If you need to make a payment on your account, you may do so online in the Student Payment Center. If you need to discuss payment arrangements please contact the Accounts Receivable Office at email@example.com.
Will the CARES Act grant affect my eligibility for financial aid in the fall 2020 semester?
No, this funding will not count towards Estimated Financial Assistance (EFA) and will not affect fall 2020 financial aid eligibility.
Is this grant taxable?
No. The IRS has determined the CARES Act emergency grant will not be considered taxable income. More information can be viewed on the IRS website.
Will this grant be reported on my 1098-T?
Davenport is awaiting guidance on whether this grant will need to be reported on your 1098-T.
What if I have not filed a FAFSA? Am I eligible for CARES Act grant?
The U.S. Department of Education has tied eligibility for the CARES Act Grant to Title IV eligibility. You can still complete a FAFSA here for free.