CARES Act Funding Disclosure
Rider University recently signed the Funding Certification and Agreement Emergency Financial Aid Grants to Students under the Coronavirus Aid, Relief, and Economic Security (CARES) Act Section 18004(a)(1) of the CARES Act. Rider received $3,648,210 in CARES funds and will disburse 50% ($1,824,105) to students in emergency assistance.
Beginning on May 12, 2020, Rider University began disbursing the initial round Coronavirus Aid, Relief and Economic Security (CARES) Act funds to currently enrolled undergraduate and graduate students during the term of disbursement who are Title IV eligible based on their Expected Family Contribution (EFC). These funds are intended to assist students with expenses related to the disruption of campus operations caused by the pandemic, such as food, housing, course materials, technology, health care and child care expenses.
As of March 1st, 2021, Rider University had approximately 3,300 students eligible for assistance and we awarded 2,752 grants totaling $1,777,900. This information will be updated every Quarter.
| Expected Family Contribution (EFC) range | CARES Act grant award |
|---|---|
| EFC 0 - 500 | $900 |
| EFC 501 - 6,195 | $700 |
| EFC 6,196 - 15,000 | $500 |
| EFC 15,001 - 30,000 | $300 |
| EFC >30,000 & Appeals for Additional Funding | On a case by case basis via written appeal |
CRRSA Act Funding Disclosure
Rider received an additional $1,824,105 funding through the Coronavirus Response and Relief Supplemental Appropriation Act (CRRSAA) funds and will disburse emergency assistance to students.
Beginning on March 23, 2021, Rider University began disbursing the second round Coronavirus Aid, Coronavirus Response and Relief Supplemental Appropriation Act CRRSA Act funds to currently enrolled undergraduate and graduate students during the term of disbursement who are Title IV eligible based on their Expected Family Contribution (EFC). These funds are intended to assist students with expenses related to the disruption of campus operations caused by the pandemic, such as food, housing, course materials, technology, health care, tuition costs and child care expenses.
As of March 23, 2021, Rider University had approximately 3358 spring enrolled students with a completed FAFSA eligible for assistance and we awarded 2812 grants totaling $1,766,900. This information will be updated every Quarter.