According to the U.S. Department of Education, colleges are required to dedicate at least 50% of funding received toward providing financial aid grants to assist students with expenses related to early school closures. The aid is funded through the CARES Act approved by Congress in March.
Among the Southwest Nashville schools to receive aid are Belmont University, with $4.6 million; Lipscomb University, with $2.6 million; Nashville State Community College, with $4.7 million; and Vanderbilt University, with $5.6 million. Vanderbilt University announced April 16 that the college will distribute its CARES Act funds to federal aid applicants with an expected family contribution of $10,000 or less. To qualify for aid, undergraduate students must have received financial aid for the spring 2020 semester, and graduate students must have received federal student loans this spring.
About 20% of the student body at Vanderbilt is eligible to receive $1,100, according to university officials.
“As the coronavirus pandemic continues, the hardships—financial and otherwise—presented by this global crisis continue to be felt deeply and widely by our students, their families and many others in the Vanderbilt community,” Interim Chancellor and Provost Susan R. Wente said in a release. “The well-being and success of our students remain our top priority, and we are committed to doing all that we can to support them during this incredibly challenging time.”
Other Nashville colleges that received federal funding include:
- Fisk University: $1,085,474
- John A. Gupton College: $36,947
- Meharry Medical College: $219,976
- Nashville Film Institute: $98,653
- Nossi College of Art: $606,694
- Sae Institute Of Technology: $2,892,306
- Tennessee College Of Applied Technology in Nashville: $1,038,538
- Tennessee State University: $7,214,661
- Trevecca Nazarene University: $1,718,898
- Watkins College of Art: $112,124
Correction: An earlier version of this story stated Aquinas College received CARES Act funding. The school has not received funding from the CARES Act.