CARES Act Funding
(May 15, 2020) The University of Olivet applied for and received CARES Act funding from the U.S. Department of Education in the amount of $1,315,706. The College signed and returned to the Department the Certification and Agreement, which states that the College intends to use no less than 50% of the funds received under Section 18004 (a)(1) of the CARES Act to provide Emergency Financial Aid Grants to students. These funds have been provided to directly support students facing urgent needs related to the COVID-19 pandemic. The College is using $657,853, or 50%, of the fund to provide an Emergency Financial Aid Grant to students who have demonstrated additional needs in basic living expenses and technology due to the COVID-19 pandemic in accordance with federal guidelines for this funding.
Of the College’s total estimated number of students eligible to participate in the Federal student financial aid programs, 982, the OC CARES Grant was awarded to 874 students, totaling a distribution in the amount of $582,950.
- Students were awarded a baseline OC CARES Grant according to Estimated Family Contribution (EFC) as reported on the most recent FAFSA form using an initial awarding matrix, with students with an EFC of zero receiving the greatest amount of funds.
- Students were invited to submit an online OC CARES Grant application indicating additional needs in basic living expenses and technology and to add additional comments regarding their needs. A grants review committee reviewed student responses in which additional needs were identified and an awarding matrix determined.
- All students eligible for the CARES Act funding, defined as those students eligible for Federal Financial Aid (whether or not they accepted it), and who submitted a FAFSA form for the current year, received funding under the OC CARES Grant program.
Read the The University of Olivet press release
The University of Olivet Students to Receive CARES Act Funding Distribution (May 15, 2020)
Read the The University of Olivet CARES Grant guidance to students and parents:
A Message from The University of Olivet President Steven M. Corey, Ph.D.: The University of Olivet CARES Grant Program (April 29, 2020)
A Message from the The University of Olivet Provost – May Celebrations, Summer Classes and Important Reminders (May 5, 2020)
Quarterly Budget Reports
CARES Fund Quarterly Budget Report 6-30-22
Cares Fund Quarterly Budget Report 3-31-22
Cares Fund Quarterly Budget Report 12-31-2021
Cares Fund Quarterly Budget Report 9-30-2021
Cares Fund Quarterly Budget Report 6-30-2021
Cares Fund Quarterly Budget Report 3-31-2021
Cares Fund Quarterly Budget Report 12-31-2020 (Institutional Portion)
Student Grant Reports
Cares Fund Student Grants 3-31-22
Cares Fund Student Grants 12-31-2021
Cares Fund Student Grants 9-30-2021
Cares Fund Student Grants 6-30-2021
Cares Fund Student Grants 3-31-2021