CARES Act and CCRSA Act Information

We are thrilled to have received funds from the Federal Coronavirus Aid, Relief, and Economic Security (CARES) Act and the Coronavirus Response and Relief Supplemental Appropriations CRRSA) Act, 2021 (to distribute to eligible students. The guidelines regarding who can receive the funds were set by the federal government.

Eligible students have been identified based on the following federal guidelines given to us by the Department of Education and have been updated to reflect the new CRRSA guidance:

  1. Student was enrolled at Forsyth Tech in Spring Semester 2020 as of March 13, 2020, or is currently enrolled in Forsyth Tech.
  2. Student has completed a 2019-2020 and/or a 2020-2021 Free Application for Federal Student Aid (FAFSA). If you have not completed a FAFSA, you are encouraged to complete the 2020-2021 Free Application for Federal Student Aid (FAFSA) so that you can be considered to receive funding.
  3. Student has a high school diploma.
  4. If the student is selected for Identify Verification on the FAFSA, he or she must complete the identity verification process to be eligible.
  5. Student is enrolled in a Title IV eligible program of study.
  6. Student meets all other Title IV eligibility requirements.
  7. Student meets the Satisfactory Academic Progress requirements at the time of disbursement. If student is not making Satisfactory Academic Progress, he or she can appeal and if the appeal is approved, he or she will receive funds.
  8. Student has experienced some COVID-related disruption.

If you meet the federal eligibility requirements you will receive an email soon to your Forsyth Tech email address from BankMobile, our refund system, to notify you that your funds have been processed and are available. Please ensure that your preferences for receiving your funds have been updated with BankMobile. The amount you receive is based on your reported EFC (expected family contribution) for the 2019-2020 or 2020-2021 academic year depending on the disbursement cycle academic year as determined by your FAFSA.

If you have needs above and beyond the amount you receive, or if you aren’t eligible for the CARES or CRRSA Act grant funding and need help with anything, including food, rent, utilities, transportation, childcare, tuition, or books, please contact Forsyth Tech Cares or call 336-734-7195. We want to support you all however we can!

Distribution Report

Students who meet all the federal criteria received or will receive distribution(s) of funds directly to their BankMobile account based on a tiered EFC system. In addition to the direct distributions given to eligible students, Forsyth Tech has also distributed emergency grant aid through FT Cares. As of December 31, 2020, Forsyth Tech has distributed $2,226,207.94 to 2,863 students as part of our distribution of CARES Act funds. Funds will continue to be distributed until expended. CRRSA Act funding will begin to be distributed in April 2021. Please continue to check your email for communications and updates.

The total amount of funds that the institution will receive or has received from the Department pursuant to the institution’s Certification and Agreement [for] Emergency Financial Aid Grants to Students.

The total amount of funds awarded to Forsyth Tech under the CARES Act was $5,175,878 with $2,466,903 in Section (a)(1) Student Aid dollars, $2,466,902 Section (a)(1) Institutional aid, and a Strengthening Institutions Award (SIP) Section (a)(2) allocation of $241,551. The total amount of funds awarded to Forsyth Tech under the CRRSA Act was $10,217,741 with $2,466,903 in Section (a)(1) Student Aid dollars, $7,340,164 Section (a)(1) Institutional aid, and a Strengthening Institutions Award (SIP) Section (a)(2) allocation of $410,674.

The estimated total number of students at the institution eligible to participate in 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.

As of May 26, 2020, we have identified 4,794 Forsyth Tech students who may be eligible to receive CARES Act funding based on the guidance issued on May 22, 2020. The number of students verified as eligible under the financial Aid Grants to students under Section 18004(a)(1) of the CARES Act is currently 2,863. However, additional students are potentially eligible to receive the funds if they complete the 2019-2020 FAFSA. The remaining students are under further review pending new guidance from the Department of Education.

The estimated total number of students at the institution eligible to participate in 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 CRRSA Act.

As of March 30, 2021, we have identified 3,345 Forsyth Tech students who may be eligible to receive CRRSA Act funding based on the guidance issued on March 19, 2021. The number of students verified as eligible under the financial Aid Grants to students under Section 18004(a)(1) of the CARES Act is currently 3,345. However, additional students are potentially eligible to receive the funds if they complete all needed documents for the 2020-2021 FAFSA and meet all other federal guidelines. If you need assistance with completing you 2020-2021 FAFSA or have other questions concerning financial aid at Forsyth Tech, please contact Financial Aid.

See the Quarterly Budget and Expenditure Report for CARES Act Sections 18004(a)(1) Institutional Portion and 18004(a)(2) for September 30, 2020.

See the Quarterly Budget and Expenditure Report for CARES Act Sections 18004(a)(1) Institutional Portion and 18004(a)(2) for December 31, 2020.

More CARES Act Information

CARES/CRRSA Act FAQ

Department of Education – Post Secondary Education

FAQs on Higher Education Emergency Relief Fund and Emergency Financial Aid Grants Under Cares Act