Emergency Fund (CARES Act) for Students Impacted by the COVID-19 Crisis
Portland State remains committed to helping as many students as possible with the financial difficulties they are facing. To that end, we want to ensure that all students know of the following options.
By far, the largest resource currently available is from the federal government under the recently passed Coronavirus Aid, Relief and Economic Security (CARES) Act. The CARES Act allocates a total of $8.3 million in emergency grants to PSU students for COVID-related expenses, including food, housing, course materials, technology, health care and child care.
The guidance for awarding does not allow us to make awards to the following groups of students:
- Most non-citizens / international students;
- DACA students;
- Students historically enrolled in online learning courses; and
- Students who were not registered for summer term on or after July 6, 2020.
Portland State’s Financial Wellness Center is not longer accepting applications. Due to the limited amount of funding available, awards will be spread across the number of qualified applications received and priority may be given to first time requests.
Key Facts Regarding Federal CARES Act Grants
Portland State University acknowledges that it has signed and returned the Certification and Agreement to the Department of Education and has used 80 percent of the funds received to date under Section 18004(a)(1) of the CARES Act to provide Emergency Financial Aid Grants to students.
Total CARES Act funds received: $8,320,203.00
Number of students eligible to participate in Title IV: 16,489
Emergency Fund Summary
# of students: 5,268
$ distributed: $8,296,389
# of transactions: 12,711
Portland State University has received its CARES Act funding from the U.S. Department of Education in the amount of $8.3 million. These funds provide direct emergency assistance for PSU students for expenses related to housing, food, technology, transportation healthcare, childcare or other related expenses. Our goal is to assist students with the greatest need first, in accordance with federal guidelines.