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FAQ: FIPSE Grants to Institutions

Q.  What is the plan regarding allocation of the FIPSE grant for institutions that received
      less than $500,000?
A. The Department of Education made the CARES grants authorized under FIPSE available April 30, 2020. These funds will raise the allocation for all public and private, nonprofit colleges that did not receive at least $500,000 under the student and institutional emergency grants to $500,000.
Funds can be used to defray institutional expenses, including lost revenue, reimbursement for expenses already incurred, technology costs associated with a transition to distance education, faculty and staff trainings, and payroll, related to the pandemic incurred on March 13, 2020 or later. These funds can also be used for grants to students for any component of the student’s cost of attendance (as defined under section 472 of the Higher Education Act), including tuition, course materials, and technology.
While it is not required that 50% of these funds be used on student grants, the department encourages institutions to use as much of the funding as possible on students, and to use institutional funds to expand remote learning and build IT capacity.
Q.  How can institutions that are eligible and wish to participate in the FIPSE grant
     the FIPSE grant program apply?
A. The Education Department released a spreadsheet, along with its guidance, listing each eligible institution and the additional amount of funds each institution will receive to reach an allocation of $500,000.  Institutions must submit the Certification and Agreement form via by August 1, 2020, to receive the funds.
After meeting the $500,000 allocation for institutions, there is $15 million in additional funding remaining.  These funds will be made available through a future application process.
Q.  How should institutions document lost revenue?
ADDED 7-8-20     A. Institutional recipients of MSI and FIPSE funds must be able to provide proof of lost revenue upon the request of the department. Documentation will need to demonstrate the decreases in revenue based on a decline in enrollment, student fees, facility revenue, summer program revenue, etc. because of the coronavirus.

Print the FAQs:  CARES Act Frequently Asked Questions