CARES Act Disclosure information

John Brown University signed and returned to the Department of Education the Certification and Agreement for the CARES Act funding for higher education institutions. JBU received a total of $1,316,399 of which $658,170 was earmarked as direct Emergency Financial Aid Grants to students.  The remaining $658,169 institutional portion was used to help JBU offset revenue lost from room and board refunds, which were made to students for the portion of the spring 2020 semester when students were required to leave campus due to risks associated with COVID-19. Please see the final quarterly report on the institutional portion of the funds at the bottom of the page. 

JBU committed to use no less than 50 percent of the total funds received under Section 18004(a)(1) of the CARES Act to provide Emergency Financial Aid Grants to students for expenses related to the disruption of campus operations due to coronavirus (including eligible expenses under a student's cost of attendance such as food, housing, course materials, technology, health care, and child care). JBU estimated that 1100 JBU students were eligible to participate in programs under Section 484 in Title IV of the Higher Education Act of 1965 and thus eligible to receive Emergency Financial Aid Grants to students under Section 18004(a)(1) of the CARES Act. To determine which students received the Emergency Financial Aid Grants, JBU requested that students complete this application. The application was sent to students via multiple emails and announcements on JBU’s external and internal websites. After first distributing funds through the application process, we distributed the remaining funds on a formula based on student financial need. As of October 30 2020, JBU had distributed $658,170 to 861 students. Since the money is fully distributed, this is the final report on the student Emergency Financial Aid Grants. 

Institutional Report Quarter Ending 9/30/20 

Prior CARES Act Disclosures

Disclosure One
Disclosure Two
Disclosure Three
Disclosure Four
Disclosure Five