McHenry County College (MCC) has received money from the federal government through recently passed legislation, known as Coronavirus Aid, Relief, and Economic Security (CARES) Act. Following legislative guidelines, MCC will distribute these funds to help those students most negatively impacted and facing significant hardship as a result of the COVID-19 pandemic. CARES Act funding will be critical to those students as they will continue their need to find resources for tuition and living/educational expenses.
As a way to distribute this CARES Act funding most effectively, we established the CARES Act Relief Fund, to be awarded to select MCC credit students enrolled in the Spring 2020 semester. In late April, over 4,000 students were provided a link to a short application, asking them to better explain the impact of their COVID-19 related hardship. A total of 1,550 students responded to the application. Of those 1,550 students, 1,424 students received funding and the remaining 126 students did not express a financial need.
Determination for funding was based on the following criteria:
- Student’s FAFSA Expected Family Contribution (EFC)
- Expressed Need in Application
- Full or Part-Time Status
Funding levels were established as follows, with total amount of funding for that level noted:
- Full-Time Students – EFC < $10,000 (305 students) $248,300 of funding
- Part-Time Students – EFC < $10,000 (334 students) $177,300 of funding
- Full-Time Students – EFC > $10,000 (103 students) $ 50,000 of funding
- Part-Time Students – EFC > $10,000 (84 students) $ 28,900 of funding
- Full-Time Students – No FAFSA (156 students) $75,600 of funding
- Part-Time Students – No FAFSA (313 students) $110,050 of funding
- Full-Time Online Students – EFC < $10,000 (8 students) $6,400 of funding
- Part-Time Online Students – EFC < $10,000 (56 students) $29,000 of funding
- Full-Time Online Students – EFC > $10,000 (2 students) $ 1,000 of funding
- Part-Time Online Students – EFC > $10,000 (8 students) $ 2,800 of funding
- Full-Time Online Students – No FAFSA (2 students) $1,000 of funding
- Part-Time Online Students – No FAFSA (53 students) $18,850 of funding
Total funding for all of the above levels amounts to approximately $749,550. Approximately $377,477 remains of CARES Act funds designated for student assistance. Pending available funding, the College will reach out to enrolled students for potential future awarding.
Funds will be available to eligible students during the week of May 18, 2020, and students will be notified of their award in writing via email. Those students who are ineligible for funding will also receive a letter, which includes a list of other resources they may pursue such as Student Success Fund Emergency Funding, Financial Aid, and Scholarship Opportunities.