COVID-19: American Rescue Plan Allocation to Students - As of March 31, 2022

Covenant College has received $1,064,949 from the third round of the Higher Education Emergency Relief Fund (HEERF III) as a result of the American Rescue Plan (ARP). The HEERF III was provided by the ARP to help mitigate the financial impacts of the COVID-19 pandemic on higher education students and institutions. In order to receive these funds, Covenant College submitted a Certification and Agreement form to the U.S. Department of Education affirming that we would use our total award to provide emergency financial aid grants to students for their expenses related to the disruption of campus operations due to COVID-19, such as food, housing, course materials, technology, health care, and child-care expenses. As of March 31, 2022, $511,268.08 was allocated to 403 students out of an estimated eligible 844 students at Covenant College. We are continuing to allocate the HEERF III funds to eligible students over the coming months.

The 403 students were determined by demonstrated financial need as demonstrated by the FAFSA. For review, students that have demonstrated financial need were provided a scaled amount of HEERF III funds based on their estimated family contribution. The HEERF III allocation is provided to students via mailed checks and direct account allocation from the Covenant College Accounting Office to be mailed no later than May 15, 2022.