Federal CARES Act Reporting Disclosure - July 10, 2021
The following is Virginia State University’s Required Quarterly Reporting for Funds Received under Section 18004(a)(1) of the CARES Act for the Quarter Ending June 30, 2021.
CARES Act Student Funding
VSU signed the Certification Agreement for the Higher Education Emergency Relief Fund (HEERF) on April 11, 2020 and submitted the Certification Agreement on April 16, 2020.
HEERF I Funds totaled $3,427,905 and was disbursed 100% as of July 31, 2020.
HEERF II Funds totaled $3,427,905 and was disbursed 100% as of June 30, 2021.
As of June 30, 2021, Virginia State University has awarded $6,855,810 to 6,961 students; 729 of these students received additional emergency grant funds.
Virginia State University estimates that it had up to 7,357 potentially eligible undergraduate, graduate, and professional students. This estimate was based on the students enrolled for the spring 2020 and spring 2021 semesters.
VSU received HEERF III Funds on May 14, 2021 for $9,355,676. VSU has not finalized the policy for awarding these funds. Once the policy is established, it will be posted to this website. Also, an e-mail communication will be sent to the VSU student body.
CARES Act Institutional Funding
Virginia State University received $20,049,784 and $21,712,760 in Institutional support funds through the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The attached report details the spending for the June 30, 2021 quarter. Click here to view attached report.