On April 16, 2020, as part of the Federal CARES Act, PCOM signed and returned to the
Department of Education the Certification and Agreement under section 18004(a)(1) of the CARES Act to provide emergency financial aid grants
to students as well as institutional funding to schools to help mitigate the costs
of COVID related expenses. Of the $863,192 PCOM receives, half of the funds, $431,596,
are mandated to be given as direct payment grants to Title IV-eligible students. PCOM
has allocated an additional $331,596 of it's institutional funding to this total to
respond to the overwhelming need for its students. PCOM has approximately 2,536 currently
enrolled students who are eligible for Title IV funding and could potentially be eligible
for funds if they are affected by COVID-19.
Source of funds
U.S. Department of Education
Up to $1,500 per student per academic year.
In order to receive funding, the student must be Title IV eligible (preferably a FAFSA
on file in the current academic year) and demonstrate financial need .
PCOM has used the following methodology to award students until the funds were depleted:
- Title IV eligible.
- Attested that they have had an expense related to the disruption of campus operations
due to COVID-19.
- Not an online student
- The amount up to requested, not exceeding $1,500.
Cost of attendance
This fund does not count toward a student's cost of attendance when awarded.
In our first quarterly report, as of June 26, 2020, PCOM awarded the total $431,596
to 482 students. As of December 14, 2020, 734 students have been awarded $763,192
in student grant funding from the CARES ACT. This amount includes the entire Cares
Act Student Grant Funding of $431,596 as well as $331,596 of the Cares Act Institutional
Instructions, directions and guidance
The following emails are the dates and correspondence that was sent to all students
to ensure equal opportunity for CARES Funds. A link for the application was also posted
on myPCOM and this webpage.