Students affected by Covid-19 who are eligible for emergency funds can now get online help with the process.
Frank, a platform that helps students apply for financial aid, has teamed up with education technology company Chegg CHGG to help students apply for pandemic-related emergency relief.
The Cares Act allocated more than $14 billion in Covid-19 relief to schools, but much of this funding has still not been disbursed to students as required. The money was meant to provide support to graduate and undergraduate students experiencing “unexpected expenses and unmet financial need” as the result of the coronavirus pandemic.
To receive aid—which is on a first-come-first-served-basis—eligible students can write a letter to their school and supply proper documentation, which includes evidence of having been economically affected by the pandemic since March 1. For instance, they need to show proof of income loss, which could include being furloughed, having unforeseen expenses or having job hours decreased.
While students can apply on their own, many don’t know they may be eligible or how to go about the process, according to Frank founder Charlie Javice. Many students don’t even know the opportunity for relief exists, she adds. That’s where this free tool can be helpful.
Using the tool, students can quickly determine their eligibility and compile the information they need to apply. Frank will then generate a letter for the students to submit directly to their schools. The Emergency Grant application can be used at any institution disbursing Cares Act funds to students. Each school determines how much grant money a student will receive, which can amount to hundreds or thousands of dollars per student, according to Javice.