We hope that you and your families are safe and healthy in this challenging time. Pace University was allocated $8.56 million in relief funds under the first federal CARES Act. We are pleased to report that we received the first half of that money earlier this week: $4.28 million earmarked for students. We’ll be distributing it within the next two weeks via BankMobile.
Federal guidelines require that this money be distributed only to students who are eligible for federal financial aid under Title IV. In the interest of distributing the money as quickly as possible, we will divide the CARES grant evenly among those students who had completed a FAFSA form and were deemed Title IV-eligible as of April 21, 2020. That includes approximately 5,600 undergraduates and 1,800 graduate and law students.
We recognize that this requirement means that certain groups of Pace students who may be in need are not eligible for CARES funds. If you have filed a 2020
–
2021 FAFSA and your family’s financial situation has since changed, we encourage you to contact the Financial Aid Office
via this link
to reflect your new circumstances. For students in immediate, urgent need, we encourage you to apply to the Pace Cares Fund for emergency assistance by writing to
[email protected]
with the subject “COVID-Pace Cares.”
The second half of the CARES funding, another $4.28 million, is anticipated to arrive later this month. While this money was not designated by Congress specifically for students, we at Pace are committed to using it for student support and will devote the full amount to increasing our financial assistance to students for the next academic year.
These last few months have not been easy for any of us. We know that students and their families are facing unique challenges. We hope that these measures, while limited in scope, will provide some assistance. All of us at Pace are here to support you. Remember that there are many resources available to you remotely, listed on our
Remote Living website
.
We send you our best wishes for the remainder of the semester. To students who will be graduating in May, we look forward to celebrating your achievements. To continuing students, we’re eager to see you on campus as soon as it’s safe for us all to be together. To everyone, stay safe and keep healthy.
