Updated: May 26, 2020 CARES Funding
Recently, the university began notifying students who may be eligible for emergency funding assistance under provisions of the federal Coronavirus Aid, Relief and Economic Security Act (CARES Act).
Under the CARES Act guidelines, UK is eligible for $17.8 million. Half of that amount – more than $8.9 million – is to be directed toward aid to students, whose educations have been disrupted by the coronavirus. The other half is to be utilized for COVID-related expenses. We will make the financial need of our students a priority in all these efforts to the greatest extent possible.
For more information on student eligibility, please visit our Student Financial Aid and Scholarships website.
CARES Report and Disclosure
- The University of Kentucky acknowledges it signed and returned to the U.S. Department of Education the Certification and Agreement on April 16, 2020, giving assurance that the University will use at least 50% of the funds received under section 18004(a)(1) of the CARES Act to provide direct grant assistance to eligible students for eligible expenses related to the disruption of campus operations due the COVID-19 crisis.
- The University of Kentucky received its CARES Act award notification from the U.S. Department of Education in the amount of $8,905,529 on April 25, 2020, authorizing the University to use this award for the direct distribution of emergency financial aid grants to students.
- The total amount of CARES Act emergency financial aid grants distributed to students as of May 22, 2020, is $5,384,477.17.
- The estimated total number of University students eligible to participate in programs under section 484 in the Title IV of the Higher Education Act of 1964 and thus eligible to receive an emergency financial aid grant under section 18004(a)(1) of the CARES Act is 14,604.
- The total number of University students who received an emergency financial aid grant under section 18004(a)(1) of the CARES Act as of May 22, 2020 is 3,783.
- The methods used by the University to determine which students receive Emergency Financial Aid Grants and how much they would receive under Section 18004(a)(1) of the CARES Act are as follows:
- The University identified and prioritized recipients for distribution of the CARES Act Emergency Financial Aid Grants using its existing “UKLeads” methodology. The UKLeads program utilizes a predictive model to isolate financial need as the root cause of student attrition and shifts institutional aid to a broader group of students to provide more equitable access to higher education. This approach has garnered national attention for the University and state as we provide opportunities to a broader group of students and do not focus solely on students with high academic preparation. This data-informed approach allows us to identify the students whose primary barrier to success is financial.
- Applying the UKLeads methodology and informed by the guidance in the CARES Act on justifiable expenses, UK Analytics developed a predictive model to identify students enrolled for the spring semester that had filed a Free Application for Federal Student Aid (FAFSA) and were most at risk for negative impact by COVID-19 due to Unmet Financial Need. As a result, UK:
- Initially notified 5,642 students of their eligibility for these funds.
- Established a maximum award amount of $1,500 per student.
- Created and launched on May 4, 2020 an application to streamline student certification and disbursement of funds.
- Began disbursing emergency funds directly to students on May 5, 2020.
- The following instructions, directions, or guidance was provided by UK to students concerning the Emergency Financial Aid Grants: