Federal CARES Act (Higher Education Emergency Relief Fund)

The Federal Emergency Grants for Spring 2022-2023 Oakwood University signed and returned the Certification and Agreement with The Department of Education to accept allocated funds from HEERF I, II, & III. The HEERF Programs established and funded the Higher Education Emergency Relief Fund (HEERF I, II, & III) to provide emergency financial aid grants.

Federal Emergency Aid Grant Reporting

As of March 31, 2023, Oakwood, was awarded $4,134,403 for students as Federal Financial Aid Grants (HEERF I, HEERF II, & HEERF III). The estimated number of students potentially eligible to be considered to receive Emergency Financial Aid Grants in quarter was 1491. As of March 31,2023, a total of $4,107,218 was disbursed in Emergency Financial Aid Grants to 1411 students. For the Quarter ending March 31, 2023, an additional $800, in Emergency Financial Aid funds had been disbursed to 1 student.

Federal Emergency Aid Grant Criteria and Eligibility:

The following method(s) were used by Oakwood University to determine which students receive financial assistance and how much they would receive under the HEERF Programs:
Eligible Students enrolled on or after March 13, 2020, at Oakwood University when the state of Emergency was declared.
Information from a Student’s FAFSA and other documents provided are reviewed to determine if a student’s request meets appropriate qualifications.
The actual grant depends on the student’s Expected Family Contribution (EFC), expenses, need, tuition balances and availability of funds.
Mass communication is sent to students via email, text messages and social media directing students to log onto Net Partner to review and accept/decline their award.