STUDENT FINANCIAL AID GRANTS

From the Higher Education Emergency Relief Fund (HEERF)
For the period of January 1, 2021 through March 31, 2021

1. Acknowledgement

Palo Alto University certifies that the institution has signed and returned to the Department the Certification and Agreement and the assurance that we have used, or intend to use, no less than 50  percent of the funds received under Section 18004(a)(1) of the CARES Act to provide Emergency Financial Aid Grants to students.

2. The total amount of funds that Palo Alto University will receive or has received from the Department pursuant to the institution's Certification and Agreement for Emergency Financial Aid Grants to Students is

  • $303,712

3. The total amount of Emergency Financial Aid Grants distributed to students under section 18004 (a) (1) of the CARES Act as of the date of submission

  • As of 3/31/2021, a total of  $246,188.70  has  been distributed to students from this  CARES Emergency Grant.
  • During the period of January 1 through March 31, 2021 an additional $94,188.70 was distributed to students from the CARES Emergency Grant.  

4. The estimated total number of students at Palo Alto University that are 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 March 31, 2021 approximately 1115 students (undergraduate and graduate) students are eligible to apply for emergency funds from the University’s Office of Financial Aid.

5. The total number· of students who have received an Emergency Financial Aid Grant

  • As of 12/31/2020, 90 students received or were selected to receive emergency CARES funds.
  • During the period of January 1 through March 31, 2021 an additional 32 students received or were selected to receive emergency CARES funds for their first time.
  • A total of 122 students received or were selected to receive emergency CARES funds from this Emergency Financial Aid Grant as of March 31, 2021.   Additionally, and separately reported, 41 students have received  similar emergency student aid from the institutional portion of the CARES funding to Palo Alto University.

6. The method(s) used by Palo Alto 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

  • Students apply for emergency funds from the University’s Financial Aid Office utilizing a standard form. Financial Aid Officers review the request and determine which source of support to Palo Alto University best matches the stated need.

7. Any instructions, directions, or guidance provided by the institution to students concerning the Emergency Financial Aid Grants

  • Students are informed of emergency funding available through a widely distributed, weekly, Student News Digest.

Prepared 4/12/2021