Required Public Reporting, CRRSAA and ARP Emergency Financial Aid Grants to Rhodes Students

Required Public Reporting:
Emergency Financial Aid Grants to Rhodes College Students under the Coronavirus Response and Relief Supplemental Appropriations Act 2021 (CRRSAA) and American Rescue Plan Act 2021 (ARP), section (a)(1) and (a)(4) programs

Rhodes College acknowledges that it signed and returned to the U.S. Department of Education (DOE) the Certification and Agreement. Rhodes provides assurance that it will use the applicable amount of funds designated under the CRRSAA and ARP (a)(1) and (a)(4) programs to provide Emergency Financial Aid Grants to Students.
Rhodes received $602,973 from DOE under CRRSAA and $1,521,666 under ARP.
Rhodes’ distribution of Emergency Financial Aid Grants to Students occurred as follows.
CRRSAA: $532,127 distributed as of 3/31/2021. $598,337 distributed as of 6/30/2021. $602,973 distributed as of 9/30/2021.
ARP: $0 distributed as of 3/31/2021. $0 distributed as of 6/30/2021. $748,614 distributed as of 9/30/2021. $748,614 distributed as of 12/31/2021. $1,526,116 distributed as of 3/31/2022.
Rhodes College had an estimated 1,685 students eligible to receive Emergency Financial Aid Grants to Students under CRRSAA and ARP. These students had a valid FAFSA on file and received financial aid in Spring 2021.
Number of students who received Emergency Financial Aid Grants.
CRRSAA: 347 students as of 3/31/2021. 431 students as of 6/30/2021. 434 students as of 9/30/2021.
ARP: Zero students as of 3/31/2021. Zero students as of 6/30/2021. 385 students as of 9/30/2021. 385 students as of 12/31/2021. 887 students as of 3/31/2022.
Method used by Rhodes to determine which students receive Emergency Financial Aid Grants and how much they would receive.

CRRSAA: Rhodes prioritized students with exceptional need and distributed the CRRSAA funds to federal aid applicants with the greatest identified need as described more fully below. Each recipient must have a Free Application for Federal Student Aid (FAFSA) on file with the Financial Aid Office and must have received financial aid for the spring 2021 semester.

Each eligible student with an expected family contribution of $14,000 or less received a $1,550 distribution, no application necessary. The distributions of the CRRSAA funds to students were processed by direct deposit or check unless a student requested that the funds be applied directly to their student account. Students who wanted the funds applied to their student account initiated a request to Rhodes Express. Otherwise, funds were disbursed by direct deposit or check.

The remaining CRRSAA funds were/are available for students who have had additional unexpected expenses or incurred hardship because of COVID-19. Students who received the automatic distributions were/are eligible to apply for additional emergency financial aid funds.

ARP: Rhodes prioritized students with exceptional need and distributed the ARP funds to federal aid applicants with the greatest identified need as described more fully below. Each recipient was required to have a Free Application for Federal Student Aid (FAFSA) on file with the Financial Aid Office and must have received financial aid for the fall 2021 semester.

Each eligible student with an expected family contribution of $14,000 or less received a $1,750 distribution in both fall 2021 and spring 2022 semesters, no application necessary. The distributions of the ARP funds to students were processed by direct deposit or check unless a student requested that the funds be applied directly to their student account.

The remaining ARP funds were available for students who have had additional unexpected expenses or incurred hardship because of COVID-19. Students who received the automatic distributions were eligible to apply for additional emergency financial aid funds.