PCOM understands that many of our students have been affected by the coronavirus pandemic. In order to help these students, PCOM is distributing student emergency funds (SEF) to assist students with their finances.
Through funding made available by donors and federal assistance, PCOM is proud to offer two separate funds to help students who have been adversely impacted by the COVID-19 pandemic. The goal for both of these funds is to provide support so students may continue their education during these unforeseeable circumstances.Apply for Emergency Funding
We ask students to self-identify if they have incurred expenses. The process for applying for emergency aid is as follows:
Review fund details including amounts, eligibility and disclosures.
Through funding made available by generous donors, PCOM is able to provide students relief who have expenses related to the disruption of campus operations due to coronavirus (including eligible expenses such as food, housing, course materials, technology, health care and child care).
Funds are provided by PCOM through donors, alumni and other contributions.
Up to $1,000 per student per academic year.
In order to receive funding from this source, students may not need to be Title IV eligible.
This fund is considered financial aid and counts towards a student's cost of attendance when awarded.
As of December 17, 2020, 123 students have been awarded and $104,869 has been disbursed.
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.
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 is on file for the 2019-2020 academic year).
This fund does not count toward a student's cost of attendance when awarded.
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 Grant Funding.
These funds are not designed to be used for routine expenses or as a supplement to a student’s educational funding sources. Students who are experiencing long-term financial hardships due to a change in circumstances should contact their respective financial aid office to discuss a financial aid appeal.