Stimulus Funding – CARES Act, CRRSA Act, ARP Act
Frequently Asked Questions
The Coronavirus Assistance, Relief and Economic Security (CARES) Act; the Coronavirus Response and Relief Supplemental Appropriations Act (CRRSAA) and the American Rescue Plan (ARP) Act are all stimulus legislation enacted by Congress in order to provide assistance during the COVID-19 pandemic. Each includes funding to be distributed as emergency grants to higher education students.
The American Rescue Plan Act was signed into law on March 11,2021. We are awaiting guidance.
No, this funding will not affect current or future financial aid eligibility.
No. Per the Internal Revenue Service, emergency financial aid grants awarded as a result of an event related to the COVID-19 pandemic should not be included in your taxable income. Please visit the IRS website site for more details.
No, you must have submitted a CRRSAA Exceptional Need Survey to be eligible. But submitting a survey does not guarantee a distribution.
Please submit your question to CARESAct@houghton.edu.
Please submit your request to CARESAct@houghton.edu. Any change will not be retroactive. Only the remaining funds after having applied the credit to outstanding charges will be available for cash disbursement.
No, submitting a CRRSAA Exceptional Need Survey does not guarantee a distribution from CRRSAA funding.
All survey respondents will receive communication regarding the results.
If you have been selected to receive a CRRSAA distribution and elected to have the distribution credited to your student account, you will receive an email notifying you of the amount.
If you have been selected to receive a CRRSAA distribution and elected to receive a check, you will receive a check through campus mail or through the United States Postal Service.
If you will not be receiving a distribution, you will receive an email.