CARES Reports | Minneapolis College of Art and Design

CARES Reports

Minneapolis College of Art and Design quarterly budget and expenditure reporting form under CARES Act Sections 18004(a)(1) Institutional Portion and 18004(a)(2) Strengthening Institutions Program (PDF)

Minneapolis College of Art and Design
CARES Act/Higher Education Emergency Relief Fund Report
For the quarter ending December 31, 2020

Section 1: Acknowledgement. Minneapolis College of Art and Design (MCAD) completed, signed, and returned the Certification and Agreement document to the U.S. Department of Higher Education on April 14, 2020 via the grants.gov website. A second certification and agreement document was submitted via grants.gov on May 14, 2020 to request the funds for institutional support allocated by the Department of Education Under the CARES Act. A third certification and agreement document was submitted via grants.gov on September 18, 2020 to request Strengthening Institutions Program funds under the CARES Act.

In compliance with the guidelines issued by the Department of Education, MCAD will distribute no less than 50% of the student and institutional funds received under Section 18004(a)(1) of the CARES Act to provide Emergency Financial Aid Grants to students.

Section 2: Funding amount. As of December 31, 2020, MCAD has received $847,373 in CARES funds from the Department of Education.

Section 3: Funds distributed. As of December 31, 2020, MCAD has distributed $402,601.50 of funds to students. A total remaining balance of students funds is currently $1,213.50. This remaining balance has been designated/awarded to students by the college, but MCAD has been unable to disburse the funds due to 5 students failing to enroll in the college’s direct deposit system and/or to complete the necessary paperwork to self-certify as to their eligibility for funds.

Section 4: Eligible students. MCAD estimates that a total of 720 enrolled students fit the eligibility guidelines outlined in Section 484 in Title IV of the Higher Education Act of 1965 and by the Department of Education.

Section 5: Students receiving Emergency Financial Aid Grant assistance. As of December 31, 2020, 715 MCAD students have received emergency financial aid grant assistance.

Section 6: Funding allocation determinations. Senior leadership of the college, in consultation with staff from the finance department, grants office, and financial aid department, determined that the college’s approach to distributing funds would favor students broadly receiving assistance, with higher-need students receiving higher amounts of funding. Based on this, staff developed six categories of eligible students and payout amounts as follows:

Tier one full-time undergraduates: For students whose expected family contribution amount based on FAFSA filing is between $0 and $5,589. Tier one awards are $775 per student. 252 students are eligible for this award tier.

Tier two full-time undergraduates: For students whose expected family contribution amount based on FAFSA filing is between $5,703 and $18,250. Tier two awards are $675 per student. 153 students are eligible for this award tier.

Tier three full-time undergraduates: For students whose expected family contribution amount based on FAFSA filing is between $18,362 and $47,712. Tier three awards are $550 per student. 101 students are eligible for this award tier.

Tier four full-time undergraduates: For students whose expected family contribution amount based on FAFSA filing is over $50,975. Tier four awards are $450 per student. 88 students are eligible for this award tier.

Part-time undergraduates: Eligible part-time undergraduate awards are $350. 7 students are eligible for this award tier.

Master of Fine Arts Students: Full-time eligible students enrolled in the Master of Fine Arts program will receive $457.67 apiece. 15 students are eligible for this award tier.

Starting in November, a new tier was created for and awarded to students who received the federal pell grant and work study, but were unable to secure a campus job. $242.70 was awarded to each eligible student. 128 students were eligible for this award tier.

Section 7: Student guidance and directions. On May 6, MCAD President Sanjit Sethi sent an email to all enrolled students, as follows:

Dear MCAD Students, 

I hope this note finds you well. 

As MCAD is committed to supporting all of you during these unprecedented times we have received funds from the recently passed Coronavirus Aid, Relief, and Economic Security Act (CARES Act) . This legislation established a Higher Education Emergency Relief Fund (HEERF) to provide emergency financial aid grants to eligible* students for expenses related to the disruption of campus operations due to the coronavirus, including eligible expenses related to a student’s cost of attendance, such as food, housing, course materials, technology, health care, and child care.

Please read the below carefully to see if you qualify for any of these funds and how to apply for them. 

Who is Eligible?

*HEERF emergency financial aid grants are available to students who are eligible to receive Title IV federal student aid and who have filed a Free Application for Federal Student Aid (FAFSA). 

International students and students enrolled in online-only degree programs are not eligible for the HEERF emergency financial aid grant. However, international students and students enrolled in our online Master of Arts programs who are experiencing financial hardship as a result of the COVID-19 pandemic may apply for assistance here  MCAD emergency financial assistance.

How do I receive my emergency financial aid grant?

Eligible students must first, complete a brief self-certification form, acknowledging that the funds will be used for expenses related to the cost of attendance such as food, housing, course materials, technology, health and/or child care, resulting from the disruption of campus operations due to coronavirus. 

Additionally, students who have not already enrolled in direct deposit through MAXPay must do so in order to receive the HEERF emergency financial aid grant.

To enroll in direct deposit:

  1. Login to your myMCAD student dashboard and click, Launch MAXPay. You will be redirected to your MAXPay account.
  2. From MAXPay, locate the box labeled, Sign up for direct deposit refunds! and click Sign up or, click your name in the upper left hand corner and scroll down to Direct deposit refunds and click Sign up.
  3. From the sidebar menu scroll through the Terms and Conditions and click I agree and Continue
  4. Select, New bank account information or choose an existing stored bank account from the dropdown menu. Your routing number and account number can easily be located from the bottom of a check or deposit slip (see below). Do not enter your bank/debit card number.

When will I receive my emergency financial aid grant?

Eligible students who have enrolled in direct deposit through MAXPay will receive a notification from Student Accounts once these funds are available for disbursement. 

Please direct questions to student_accounts@mcad.edu

All my best,

Sanjit

The text of the email was also posted on mcad.edu.

On May 11, MCAD’s Director of Financial Aid sent the following email to all students confirmed as eligible for receiving funds (student names and award amounts have been replaced with placeholders below for anonymity). For students who have a parent email address on file, the email was carbon copied to parents.

Dear <STUDENT NAME>,

I hope this note finds you well. 

As MCAD is committed to supporting all of you during these unprecedented times we have received funds from the recently passed Coronavirus Aid, Relief, and Economic Security Act (CARES Act). This legislation established a Higher Education Emergency Relief Fund (HEERF) to provide emergency financial aid grants to eligible students for expenses related to the disruption of campus operations due to the coronavirus, including eligible expenses related to a student’s cost of attendance, such as food, housing, course materials, technology, health care, and child care.

You have been identified as a student who will receive money from this fund. You can review more information about HEERF by going to MCAD News. The amount of funds you will be receiving is <AMOUNT>.

  • How will you receive the emergency financial aid grant?
    Eligible students must first, complete a brief self-certification form, acknowledging that the funds will be used for expenses related to the cost of attendance such as food, housing, course materials, technology, health and/or child care, resulting from the disruption of campus operations due to coronavirus. 
  • Additionally, students who have not already enrolled in direct deposit through MAXPay must do so in order to receive the HEERF emergency financial aid grant.
    To enroll in direct deposit:
    1. Login to your myMCAD student dashboard and click, Launch MAXPay. You will be redirected to your MAXPay account.
    2. From MAXPay, locate the box labeled, Sign up for direct deposit refunds! and click Sign up or, click your name in the upper left hand corner and scroll down to Direct deposit refunds and click Sign up.
    3. From the sidebar menu scroll through the Terms and Conditions and click I agree and Continue
    4. Select, New bank account information or choose an existing stored bank account from the dropdown menu. Your routing number and account number can easily be located from the bottom of a check or deposit slip (see below). Do not enter your bank/debit card number.
  • When will you receive my emergency financial aid grant?
    Eligible students who have enrolled in direct deposit through MAXPay will receive a notification from Student Accounts once these funds are available for disbursement.

Please direct all questions to student_accounts@mcad.edu

Stay well.

MCAD Financial Aid Office

MCAD’s financial aid office sent this message again to any eligible students who had not replied on May 21, 2020.

Section 8: Expenditures of Institutional Funds

MCAD has received $403,815 in CARES Act funding for institutional expenses related to the Covid-19 pandemic. Funds were received on June 2, 2020. As of September 30, the college has used $279,637.30 in institutional funds to cover spring 2020 pandemic-related costs, as follows:

Item Description Amount
Room and board refunds to students for spring 2020 $199,988.06
Activities and materials refunds to students for spring 2020 $40,283.41
Technology costs for emergency spring 2020 online course migrations $5,495.03
Misc. student assistance costs (return flights home for students studying abroad, withdrawal costs from off-campus programs, etc.) $33,870.80
TOTAL EXPENDITURES TO DATE $279,637.30

 

Minneapolis College of Art and Design quarterly budget and expenditure reporting form under CARES Act Sections 18004(a)(1) Institutional Portion and 18004(a)(2) Strengthening Institutions Program (PDF)

Minneapolis College of Art and Design quarterly budget and expenditure reporting form under CARES Act Sections 18004(a)(1) Student and Institutional Portions for the quarter ending September 30, 2020

Section 1: Acknowledgement. Minneapolis College of Art and Design (MCAD) completed, signed, and returned the Certification and Agreement document to the U.S. Department of Higher Education on April 14, 2020 via the grants.gov website. A second certification and agreement document was submitted via grants.gov on May 14, 2020 to request the funds for institutional support allocated by the Department of Education Under the CARES Act. A third certification and agreement document was submitted via grants.gov on September 18, 2020 to request Strengthening Institutions Program funds under the CARES Act.

In compliance with the guidelines issued by the Department of Education, MCAD will distribute no less than 50% of the student and institutional funds received under Section 18004(a)(1) of the CARES Act to provide Emergency Financial Aid Grants to students.

Section 2: Funding amount. As of September 30, 2020, MCAD has received $847,373 in CARES funds from the Department of Education.

Section 3: Funds distributed. As of September 30, 2020, MCAD has distributed $369,524.71 of funds to students. A total remaining balance of students funds is currently $22,265.34. This remaining balance has been designated/awarded to students by the college, but MCAD has been unable to disburse the funds due to 35 students failing to enroll in the college’s direct deposit system and/or to complete the necessary paperwork to self-certify as to their eligibility for funds.

Section 4: Eligible students. MCAD estimates that a total of 617 enrolled students fit the eligibility guidelines outlined in Section 484 in Title IV of the Higher Education Act of 1965 and by the Department of Education.

Section 5: Students receiving Emergency Financial Aid Grant assistance. As of September 30, 2020, 557 MCAD students have received emergency financial aid grant assistance.

Section 6: Funding allocation determinations. Senior leadership of the college, in consultation with staff from the finance department, grants office, and financial aid department, determined that the college’s approach to distributing funds would favor students broadly receiving assistance, with higher-need students receiving higher amounts of funding. Based on this, staff developed six categories of eligible students and payout amounts as follows:

Tier one full-time undergraduates: For students whose expected family contribution amount based on FAFSA filing is between $0 and $5,589. Tier one awards are $775 per student. 252 students are eligible for this award tier.

Tier two full-time undergraduates: For students whose expected family contribution amount based on FAFSA filing is between $5,703 and $18,250. Tier two awards are $675 per student. 153 students are eligible for this award tier.

Tier three full-time undergraduates: For students whose expected family contribution amount based on FAFSA filing is between $18,362 and $47,712. Tier three awards are $550 per student. 101 students are eligible for this award tier.

Tier four full-time undergraduates: For students whose expected family contribution amount based on FAFSA filing is over $50,975. Tier four awards are $450 per student. 88 students are eligible for this award tier.

Part-time undergraduates: Eligible part-time undergraduate awards are $350. 7 students are eligible for this award tier.

Master of Fine Arts Students: Full-time eligible students enrolled in the Master of Fine Arts program will receive $457.67 apiece. 15 students are eligible for this award tier.

Section 7: Student guidance and directions. On May 6, MCAD President Sanjit Sethi sent an email to all enrolled students, as follows:

Dear MCAD Students, 

I hope this note finds you well. 

As MCAD is committed to supporting all of you during these unprecedented times we have received funds from the recently passed Coronavirus Aid, Relief, and Economic Security Act (CARES Act) . This legislation established a Higher Education Emergency Relief Fund (HEERF) to provide emergency financial aid grants to eligible* students for expenses related to the disruption of campus operations due to the coronavirus, including eligible expenses related to a student’s cost of attendance, such as food, housing, course materials, technology, health care, and child care.

Please read the below carefully to see if you qualify for any of these funds and how to apply for them. 

Who is Eligible?

*HEERF emergency financial aid grants are available to students who are eligible to receive Title IV federal student aid and who have filed a Free Application for Federal Student Aid (FAFSA). 

International students and students enrolled in online-only degree programs are not eligible for the HEERF emergency financial aid grant. However, international students and students enrolled in our online Master of Arts programs who are experiencing financial hardship as a result of the COVID-19 pandemic may apply for assistance here  MCAD emergency financial assistance.

How do I receive my emergency financial aid grant?

Eligible students must first, complete a brief self-certification form, acknowledging that the funds will be used for expenses related to the cost of attendance such as food, housing, course materials, technology, health and/or child care, resulting from the disruption of campus operations due to coronavirus. 

Additionally, students who have not already enrolled in direct deposit through MAXPay must do so in order to receive the HEERF emergency financial aid grant.

To enroll in direct deposit:

  1. Login to your myMCAD student dashboard and click, Launch MAXPay. You will be redirected to your MAXPay account.
  2. From MAXPay, locate the box labeled, Sign up for direct deposit refunds! and click Sign up or, click your name in the upper left hand corner and scroll down to Direct deposit refunds and click Sign up.
  3. From the sidebar menu scroll through the Terms and Conditions and click I agree and Continue
  4. Select, New bank account information or choose an existing stored bank account from the dropdown menu. Your routing number and account number can easily be located from the bottom of a check or deposit slip (see below). Do not enter your bank/debit card number.

When will I receive my emergency financial aid grant?

Eligible students who have enrolled in direct deposit through MAXPay will receive a notification from Student Accounts once these funds are available for disbursement. 

Please direct questions to student_accounts@mcad.edu

All my best,

Sanjit

The text of the email was also posted on mcad.edu.

On May 11, MCAD’s Director of Financial Aid sent the following email to all students confirmed as eligible for receiving funds (student names and award amounts have been replaced with placeholders below for anonymity). For students who have a parent email address on file, the email was carbon copied to parents.

Dear <STUDENT NAME>,

I hope this note finds you well. 

As MCAD is committed to supporting all of you during these unprecedented times we have received funds from the recently passed Coronavirus Aid, Relief, and Economic Security Act (CARES Act). This legislation established a Higher Education Emergency Relief Fund (HEERF) to provide emergency financial aid grants to eligible students for expenses related to the disruption of campus operations due to the coronavirus, including eligible expenses related to a student’s cost of attendance, such as food, housing, course materials, technology, health care, and child care.

You have been identified as a student who will receive money from this fund. You can review more information about HEERF by going to MCAD News. The amount of funds you will be receiving is <AMOUNT>.

  • How will you receive the emergency financial aid grant?
    Eligible students must first, complete a brief self-certification form, acknowledging that the funds will be used for expenses related to the cost of attendance such as food, housing, course materials, technology, health and/or child care, resulting from the disruption of campus operations due to coronavirus. 
  • Additionally, students who have not already enrolled in direct deposit through MAXPay must do so in order to receive the HEERF emergency financial aid grant.
    To enroll in direct deposit:
    1. Login to your myMCAD student dashboard and click, Launch MAXPay. You will be redirected to your MAXPay account.
    2. From MAXPay, locate the box labeled, Sign up for direct deposit refunds! and click Sign up or, click your name in the upper left hand corner and scroll down to Direct deposit refunds and click Sign up.
    3. From the sidebar menu scroll through the Terms and Conditions and click I agree and Continue
    4. Select, New bank account information or choose an existing stored bank account from the dropdown menu. Your routing number and account number can easily be located from the bottom of a check or deposit slip (see below). Do not enter your bank/debit card number.
  • When will you receive my emergency financial aid grant?
    Eligible students who have enrolled in direct deposit through MAXPay will receive a notification from Student Accounts once these funds are available for disbursement.

Please direct all questions to student_accounts@mcad.edu

Stay well.

MCAD Financial Aid Office

MCAD’s financial aid office sent this message again to any eligible students who had not replied on May 21, 2020.

Section 8: Expenditures of Institutional Funds

MCAD has received $403,815 in CARES Act funding for institutional expenses related to the Covid-19 pandemic. Funds were received on June 2, 2020. As of September 30, the college has used $279,637.30 in institutional funds to cover spring 2020 pandemic-related costs, as follows:

Item Description Amount
Room and board refunds to students for spring 2020 $199,988.06
Activities and materials refunds to students for spring 2020 $40,283.41
Technology costs for emergency spring 2020 online course migrations $5,495.03
Misc. student assistance costs (return flights home for students studying abroad, withdrawal costs from off-campus programs, etc.) $33,870.80
TOTAL EXPENDITURES TO DATE $279,637.30

 

Originally posted August 12, 2020

Amended October 5, 2020: The August report initially posted misstated the total amount of  student funds disbursed at the time by $1,550. This error was due to a small batch of duplicate disbursements that were erroneously processed. Upon discovery of the error, MCAD notified its bank to have the funds retracted and all duplicate payments were cancelled and/or funds were retracted. The college regrets the error; the report now contains corrected figures on total number of disbursements through August 12 and total number of students receiving aid.

Section 1: Acknowledgement. Minneapolis College of Art and Design (MCAD) completed, signed, and returned the Certification and Agreement document to the U.S. Department of Higher Education on April 14, 2020 via the grants.gov website. A second certification and agreement document was submitted via grants.gov on May 14, 2020 to request the funds for institutional support allocated by the Department of Education Under the CARES Act.

In compliance with the guidelines issued by the Department of Education, MCAD will distribute no less than 50% of the funds received under Section 18004(a)(1) of the CARES Act to provide Emergency Financial Aid Grants to students.

Section 2: Funding amount. As of August 12, 2020, MCAD has received $807,630 in funds. 

Section 3: Funds distributed. As of August 12, 2020, MCAD has distributed $369,524.71 of funds to students.

Section 4: Eligible students. MCAD estimates that a total of 617 enrolled students fit the eligibility guidelines outlined in Section 484 in Title IV of the Higher Education Act of 1965 and by the Department of Education.

Section 5: Students receiving Emergency Financial Aid Grant assistance. As of August 12, 2020, 557 MCAD students have received emergency financial aid grant assistance.

Section 6: Funding allocation determinations. Senior leadership of the college, in consultation with staff from the finance department, grants office, and financial aid department, determined that the college’s approach to distributing funds would favor students broadly receiving assistance, with higher-need students receiving higher amounts of funding. Based on this, staff developed six categories of eligible students and payout amounts as follows:

Tier one full-time undergraduates: For students whose expected family contribution amount based on FAFSA filing is between $0 and $5,589. Tier one awards are $775 per student. 252 students are eligible for this award tier.

Tier two full-time undergraduates: For students whose expected family contribution amount based on FAFSA filing is between $5,703 and $18,250. Tier two awards are $675 per student. 153 students are eligible for this award tier.

Tier three full-time undergraduates: For students whose expected family contribution amount based on FAFSA filing is between $18,362 and $47,712. Tier three awards are $550 per student. 101 students are eligible for this award tier.

Tier four full-time undergraduates: For students whose expected family contribution amount based on FAFSA filing is over $50,975. Tier four awards are $450 per student. 88 students are eligible for this award tier.

Part-time undergraduates: Eligible part-time undergraduate awards are $350. 7 students are eligible for this award tier.

Master of Fine Arts Students: Full-time eligible students enrolled in the Master of Fine Arts program will receive $457.67 apiece. 15 students are eligible for this award tier.

Section 7: Student guidance and directions. On May 6, MCAD President Sanjit Sethi sent an email to all enrolled students, as follows:

Dear MCAD Students, 

I hope this note finds you well. 

As MCAD is committed to supporting all of you during these unprecedented times we have received funds from the recently passed Coronavirus Aid, Relief, and Economic Security Act (CARES Act) . This legislation established a Higher Education Emergency Relief Fund (HEERF) to provide emergency financial aid grants to eligible* students for expenses related to the disruption of campus operations due to the coronavirus, including eligible expenses related to a student’s cost of attendance, such as food, housing, course materials, technology, health care, and child care.

Please read the below carefully to see if you qualify for any of these funds and how to apply for them. 

Who is Eligible?

*HEERF emergency financial aid grants are available to students who are eligible to receive Title IV federal student aid and who have filed a Free Application for Federal Student Aid (FAFSA). 

International students and students enrolled in online-only degree programs are not eligible for the HEERF emergency financial aid grant. However, international students and students enrolled in our online Master of Arts programs who are experiencing financial hardship as a result of the COVID-19 pandemic may apply for assistance here  MCAD emergency financial assistance.

How do I receive my emergency financial aid grant?

Eligible students must first, complete a brief self-certification form, acknowledging that the funds will be used for expenses related to the cost of attendance such as food, housing, course materials, technology, health and/or child care, resulting from the disruption of campus operations due to coronavirus. 

Additionally, students who have not already enrolled in direct deposit through MAXPay must do so in order to receive the HEERF emergency financial aid grant.

To enroll in direct deposit:

  1. Login to your myMCAD student dashboard and click, Launch MAXPay. You will be redirected to your MAXPay account.
  2. From MAXPay, locate the box labeled, Sign up for direct deposit refunds! and click Sign up or, click your name in the upper left hand corner and scroll down to Direct deposit refunds and click Sign up.
  3. From the sidebar menu scroll through the Terms and Conditions and click I agree and Continue
  4. Select, New bank account information or choose an existing stored bank account from the dropdown menu. Your routing number and account number can easily be located from the bottom of a check or deposit slip (see below). Do not enter your bank/debit card number.

When will I receive my emergency financial aid grant?

Eligible students who have enrolled in direct deposit through MAXPay will receive a notification from Student Accounts once these funds are available for disbursement. 

Please direct questions to student_accounts@mcad.edu

All my best,

Sanjit

The text of the email was also posted on mcad.edu.

On May 11, MCAD’s Director of Financial Aid sent the following email to all students confirmed as eligible for receiving funds (student names and award amounts have been replaced with placeholders below for anonymity). For students who have a parent email address on file, the email was carbon copied to parents.

Dear <STUDENT NAME>,

I hope this note finds you well. 

As MCAD is committed to supporting all of you during these unprecedented times we have received funds from the recently passed Coronavirus Aid, Relief, and Economic Security Act (CARES Act). This legislation established a Higher Education Emergency Relief Fund (HEERF) to provide emergency financial aid grants to eligible students for expenses related to the disruption of campus operations due to the coronavirus, including eligible expenses related to a student’s cost of attendance, such as food, housing, course materials, technology, health care, and child care.

You have been identified as a student who will receive money from this fund. You can review more information about HEERF by going to MCAD News. The amount of funds you will be receiving is <AMOUNT>.

  • How will you receive the emergency financial aid grant?
    Eligible students must first, complete a brief self-certification form, acknowledging that the funds will be used for expenses related to the cost of attendance such as food, housing, course materials, technology, health and/or child care, resulting from the disruption of campus operations due to coronavirus. 
  • Additionally, students who have not already enrolled in direct deposit through MAXPay must do so in order to receive the HEERF emergency financial aid grant.
    To enroll in direct deposit:
    1. Login to your myMCAD student dashboard and click, Launch MAXPay. You will be redirected to your MAXPay account.
    2. From MAXPay, locate the box labeled, Sign up for direct deposit refunds! and click Sign up or, click your name in the upper left hand corner and scroll down to Direct deposit refunds and click Sign up.
    3. From the sidebar menu scroll through the Terms and Conditions and click I agree and Continue
    4. Select, New bank account information or choose an existing stored bank account from the dropdown menu. Your routing number and account number can easily be located from the bottom of a check or deposit slip (see below). Do not enter your bank/debit card number.
  • When will you receive my emergency financial aid grant?
    Eligible students who have enrolled in direct deposit through MAXPay will receive a notification from Student Accounts once these funds are available for disbursement.

Please direct all questions to student_accounts@mcad.edu

Stay well.

MCAD Financial Aid Office

MCAD’s financial aid office sent this message again to any eligible students who had not replied on May 21, 2020.

Section 8: Expenditures of Institutional Funds

MCAD has received $403,815 in CARES Act funding for institutional expenses related to the Covid-19 pandemic. Funds were received on June 2, 2020. As of August 12, 2020, the college has used $279,637.30 in institutional funds to cover spring 2020 pandemic-related costs, as follows:

Item Description Amount
Room and board refunds to students for spring 2020 $199,988.06
Activities and materials refunds to students for spring 2020 $40,283.41
Technology costs for emergency spring 2020 online course migrations $5,495.03
Misc. student assistance costs (return flights home for students studying abroad, withdrawal costs from off-campus programs, etc.) $33,870.80
TOTAL EXPENDITURES TO DATE $279,637.30

 


June 28, 2020

Section 1: Acknowledgement. Minneapolis College of Art and Design (MCAD) completed, signed, and returned the Certification and Agreement document to the U.S. Department of Higher Education on April 14, 2020 via the grants.gov website. A second certification and agreement document was submitted via grants.gov on May 14, 2020 to request the funds for institutional support allocated by the Department of Education Under the CARES Act.

In compliance with the guidelines issued by the Department of Education, MCAD will distribute no less than 50% of the funds received under Section 18004(a)(1) of the CARES Act to provide Emergency Financial Aid Grants to students.

Section 2: Funding amount. As of June 28, 2020, MCAD has received $807,630 in funds. 

Section 3: Funds distributed. As of June 28, 2020, MCAD has distributed $370,299.71 of funds to students.

Section 4: Eligible students. MCAD estimates that a total of 617 enrolled students fit the eligibility guidelines outlined in Section 484 in Title IV of the Higher Education Act of 1965 and by the Department of Education.

Section 5: Students receiving Emergency Financial Aid Grant assistance. As of June 28, 2020 566 of MCAD students have received emergency financial aid grant assistance.

Section 6: Funding allocation determinations. Senior leadership of the college, in consultation with staff from the finance department, grants office, and financial aid department, determined that the college’s approach to distributing funds would favor students broadly receiving assistance, with higher-need students receiving higher amounts of funding. Based on this, staff developed six categories of eligible students and payout amounts as follows:

Tier one full-time undergraduates: For students whose expected family contribution amount based on FAFSA filing is between $0 and $5,589. Tier one awards are $775 per student. 252 students are eligible for this award tier.

Tier two full-time undergraduates: For students whose expected family contribution amount based on FAFSA filing is between $5,703 and $18,250. Tier two awards are $675 per student. 153 students are eligible for this award tier.

Tier three full-time undergraduates: For students whose expected family contribution amount based on FAFSA filing is between $18,362 and $47,712. Tier three awards are $550 per student. 101 students are eligible for this award tier.

Tier four full-time undergraduates: For students whose expected family contribution amount based on FAFSA filing is over $50,975. Tier four awards are $450 per student. 88 students are eligible for this award tier.

Part-time undergraduates: Eligible part-time undergraduate awards are $350. 7 students are eligible for this award tier.

Master of Fine Arts Students: Full-time eligible students enrolled in the Master of Fine Arts program will receive $457.67 apiece. 15 students are eligible for this award tier.

Section 7: Student guidance and directions. On May 6, MCAD President Sanjit Sethi sent an email to all enrolled students, as follows: 

Dear MCAD Students, 

I hope this note finds you well. 

As MCAD is committed to supporting all of you during these unprecedented times we have received funds from the recently passed Coronavirus Aid, Relief, and Economic Security Act (CARES Act) . This legislation established a Higher Education Emergency Relief Fund (HEERF) to provide emergency financial aid grants to eligible* students for expenses related to the disruption of campus operations due to the coronavirus, including eligible expenses related to a student’s cost of attendance, such as food, housing, course materials, technology, health care, and child care.

Please read the below carefully to see if you qualify for any of these funds and how to apply for them. 

Who is Eligible?

*HEERF emergency financial aid grants are available to students who are eligible to receive Title IV federal student aid and who have filed a Free Application for Federal Student Aid (FAFSA). 

International students and students enrolled in online-only degree programs are not eligible for the HEERF emergency financial aid grant. However, international students and students enrolled in our online Master of Arts programs who are experiencing financial hardship as a result of the COVID-19 pandemic may apply for assistance here  MCAD emergency financial assistance.

How do I receive my emergency financial aid grant?

Eligible students must first, complete a brief self-certification form, acknowledging that the funds will be used for expenses related to the cost of attendance such as food, housing, course materials, technology, health and/or child care, resulting from the disruption of campus operations due to coronavirus. 

Additionally, students who have not already enrolled in direct deposit through MAXPay must do so in order to receive the HEERF emergency financial aid grant.

To enroll in direct deposit:

  1. Login to your myMCAD student dashboard and click, Launch MAXPay. You will be redirected to your MAXPay account.
  2. From MAXPay, locate the box labeled, Sign up for direct deposit refunds! and click Sign up or, click your name in the upper left hand corner and scroll down to Direct deposit refunds and click Sign up.
  3. From the sidebar menu scroll through the Terms and Conditions and click I agree and Continue
  4. Select, New bank account information or choose an existing stored bank account from the dropdown menu. Your routing number and account number can easily be located from the bottom of a check or deposit slip (see below). Do not enter your bank/debit card number.

When will I receive my emergency financial aid grant?

Eligible students who have enrolled in direct deposit through MAXPay will receive a notification from Student Accounts once these funds are available for disbursement. 

Please direct questions to student_accounts@mcad.edu

All my best,

Sanjit

The text of the email was also posted on mcad.edu.

On May 11, MCAD’s Director of Financial Aid sent the following email to all students confirmed as eligible for receiving funds (student names and award amounts have been replaced with placeholders below for anonymity). For students who have a parent email address on file, the email was carbon copied to parents.

Dear <STUDENT NAME>,

I hope this note finds you well. 

As MCAD is committed to supporting all of you during these unprecedented times we have received funds from the recently passed Coronavirus Aid, Relief, and Economic Security Act (CARES Act). This legislation established a Higher Education Emergency Relief Fund (HEERF) to provide emergency financial aid grants to eligible students for expenses related to the disruption of campus operations due to the coronavirus, including eligible expenses related to a student’s cost of attendance, such as food, housing, course materials, technology, health care, and child care.

You have been identified as a student who will receive money from this fund. You can review more information about HEERF by going to MCAD News. The amount of funds you will be receiving is <AMOUNT>.

  • How will you receive the emergency financial aid grant?
    Eligible students must first, complete a brief self-certification form, acknowledging that the funds will be used for expenses related to the cost of attendance such as food, housing, course materials, technology, health and/or child care, resulting from the disruption of campus operations due to coronavirus. 
  • Additionally, students who have not already enrolled in direct deposit through MAXPay must do so in order to receive the HEERF emergency financial aid grant.
    To enroll in direct deposit:
    1. Login to your myMCAD student dashboard and click, Launch MAXPay. You will be redirected to your MAXPay account.
    2. From MAXPay, locate the box labeled, Sign up for direct deposit refunds! and click Sign up or, click your name in the upper left hand corner and scroll down to Direct deposit refunds and click Sign up.
    3. From the sidebar menu scroll through the Terms and Conditions and click I agree and Continue
    4. Select, New bank account information or choose an existing stored bank account from the dropdown menu. Your routing number and account number can easily be located from the bottom of a check or deposit slip (see below). Do not enter your bank/debit card number.
  • When will you receive my emergency financial aid grant?
    Eligible students who have enrolled in direct deposit through MAXPay will receive a notification from Student Accounts once these funds are available for disbursement.

Please direct all questions to student_accounts@mcad.edu

Stay well.

MCAD Financial Aid Office

MCAD’s financial aid office sent this message again to any eligible students who had not replied on May 21, 2020.

May 13, 2020

Section 1: Acknowledgement. Minneapolis College of Art and Design (MCAD) completed, signed, and returned the Certification and Agreement document to the U.S. Department of Higher Education on April 14, 2020 via the grants.gov website. In compliance with the guidelines issued by the Department of Education, MCAD will distribute no less than 50% of the funds received under Section 18004(a)(1) of the CARES Act to provide Emergency Financial Aid Grants to students.

Section 2: Funding amount. As of May 14, 2020, MCAD has received $403,815 in funds. The college expects to receive an additional $403,815 in funds from the U.S. Department of Education following submission of its grant requesting the institutional portion of emergency  CARES/HEERF funds. MCAD anticipates submitting the second funding request within the next month.

Section 3: Funds distributed. As of May 14, 2020, Minneapolis College of Art and Design has yet to distribute funds to students. To date, the college has created a fund distribution system to allow electronic payments directly to students via the college’s online payment portal, while maintaining compliance with best accounting practices and internal data security controls. All eligible students have received information about the availability of funds and instructions on how to complete the necessary steps to obtain them.

Section 4: Eligible students. MCAD estimates that a total of 617 enrolled students fit the eligibility guidelines outlined in Section 484 in Title IV of the Higher Education Act of 1965 and by the Department of Education.

Section 5: Students receiving Emergency Financial Aid Grant assistance. Students are still in the process of signing up for direct deposits and completing an acknowledgment form. As of May 14, 2020 no students have received funds. MCAD’s business office will be issuing payments twice a week to students who have been confirmed as eligible, completed an self-certification form, and signed up for direct deposit using the college’s student payment portal. Students who are unable to sign up for direct deposit will receive their payments via checks sent in the mail. To date, over 398 students have completed their self-certification form and MCAD anticipates disbursing funds in the near future.

Section 6: Funding allocation determinations. Senior leadership of the college, in consultation with staff from the finance department, grants office, and financial aid department, determined that the college’s approach to distributing funds would favor students broadly receiving assistance, with higher-need students receiving higher amounts of funding. Based on this, staff developed six categories of eligible students and payout amounts as follows:

Tier one full-time undergraduates: For students whose expected family contribution amount based on FAFSA filing is between $0 and $5,589. Tier one awards are $775 per student. 252 students are eligible for this award tier.

Tier two full-time undergraduates: For students whose expected family contribution amount based on FAFSA filing is between $5,703 and $18,250. Tier two awards are $675 per student. 153 students are eligible for this award tier.

Tier three full-time undergraduates: For students whose expected family contribution amount based on FAFSA filing is between $18,362 and $47,712. Tier three awards are $550 per student. 101 students are eligible for this award tier.

Tier four full-time undergraduates: For students whose expected family contribution amount based on FAFSA filing is over $50,975. Tier four awards are $450 per student. 88 students are eligible for this award tier.

Part-time undergraduates: Eligible part-time undergraduate awards are $350. 7 students are eligible for this award tier.

Master of Fine Arts Students: Full-time eligible students enrolled in the Master of Fine Arts program will receive $457.67 apiece. 15 students are eligible for this award tier.

Section 7: Student guidance and directions. On May 6, MCAD President Sanjit Sethi sent an email to all enrolled students, as follows:

Dear MCAD Students, 

I hope this note finds you well. 

As MCAD is committed to supporting all of you during these unprecedented times we have received funds from the recently passed Coronavirus Aid, Relief, and Economic Security Act (CARES Act) . This legislation established a Higher Education Emergency Relief Fund (HEERF) to provide emergency financial aid grants to eligible* students for expenses related to the disruption of campus operations due to the coronavirus, including eligible expenses related to a student’s cost of attendance, such as food, housing, course materials, technology, health care, and child care.

Please read the below carefully to see if you qualify for any of these funds and how to apply for them. 

Who is Eligible?

*HEERF emergency financial aid grants are available to students who are eligible to receive Title IV federal student aid and who have filed a Free Application for Federal Student Aid (FAFSA). 

International students and students enrolled in online-only degree programs are not eligible for the HEERF emergency financial aid grant. However, international students and students enrolled in our online Master of Arts programs who are experiencing financial hardship as a result of the COVID-19 pandemic may apply for assistance here  MCAD emergency financial assistance.

How do I receive my emergency financial aid grant?

Eligible students must first, complete a brief self-certification form, acknowledging that the funds will be used for expenses related to the cost of attendance such as food, housing, course materials, technology, health and/or child care, resulting from the disruption of campus operations due to coronavirus. 

Additionally, students who have not already enrolled in direct deposit through MAXPay must do so in order to receive the HEERF emergency financial aid grant.

To enroll in direct deposit:

  1. Login to your myMCAD student dashboard and click, Launch MAXPay. You will be redirected to your MAXPay account.
  2. From MAXPay, locate the box labeled, Sign up for direct deposit refunds! and click Sign up or, click your name in the upper left hand corner and scroll down to Direct deposit refunds and click Sign up.
  3. From the sidebar menu scroll through the Terms and Conditions and click I agree and Continue
  4. Select, New bank account information or choose an existing stored bank account from the dropdown menu. Your routing number and account number can easily be located from the bottom of a check or deposit slip (see below). Do not enter your bank/debit card number.

When will I receive my emergency financial aid grant?

Eligible students who have enrolled in direct deposit through MAXPay will receive a notification from Student Accounts once these funds are available for disbursement. 

Please direct questions to student_accounts@mcad.edu

All my best,

Sanjit

The text of the email was also posted on mcad.edu.

On May 11, MCAD’s Director of Financial Aid sent the following email to all students confirmed as eligible for receiving funds (student names and award amounts have been replaced with placeholders below for anonymity). For students who have a parent email address on file, the email was carbon copied to parents.

Dear <STUDENT NAME>,

I hope this note finds you well. 

As MCAD is committed to supporting all of you during these unprecedented times we have received funds from the recently passed Coronavirus Aid, Relief, and Economic Security Act (CARES Act). This legislation established a Higher Education Emergency Relief Fund (HEERF) to provide emergency financial aid grants to eligible students for expenses related to the disruption of campus operations due to the coronavirus, including eligible expenses related to a student’s cost of attendance, such as food, housing, course materials, technology, health care, and child care.

You have been identified as a student who will receive money from this fund. You can review more information about HEERF by going to MCAD News. The amount of funds you will be receiving is <AMOUNT>.

  • How will you receive the emergency financial aid grant?
    Eligible students must first, complete a brief self-certification form, acknowledging that the funds will be used for expenses related to the cost of attendance such as food, housing, course materials, technology, health and/or child care, resulting from the disruption of campus operations due to coronavirus. 
  • Additionally, students who have not already enrolled in direct deposit through MAXPay must do so in order to receive the HEERF emergency financial aid grant.
    To enroll in direct deposit:
    1. Login to your myMCAD student dashboard and click, Launch MAXPay. You will be redirected to your MAXPay account.
    2. From MAXPay, locate the box labeled, Sign up for direct deposit refunds! and click Sign up or, click your name in the upper left hand corner and scroll down to Direct deposit refunds and click Sign up.
    3. From the sidebar menu scroll through the Terms and Conditions and click I agree and Continue
    4. Select, New bank account information or choose an existing stored bank account from the dropdown menu. Your routing number and account number can easily be located from the bottom of a check or deposit slip (see below). Do not enter your bank/debit card number.
  • When will you receive my emergency financial aid grant?
    Eligible students who have enrolled in direct deposit through MAXPay will receive a notification from Student Accounts once these funds are available for disbursement.

Please direct all questions to student_accounts@mcad.edu

Stay well.

MCAD Financial Aid Office