Tech to distribute nearly $4.4 million to students

Tennessee Tech students will receive nearly $4.4 million as the university distributes funds available through the federal Coronavirus Aid, Relief and Economic Security (CARES) Act.

COOKEVILLE – Tennessee Tech students will receive nearly $4.4 million as the university distributes funds available through the federal Coronavirus Aid, Relief and Economic Security (CARES) Act.

Tech will provide nearly $4.4 million to eligible students to help cover expenses related to their education costs due to coronavirus, such as housing, course materials, technology, health care and child care. About 90% of the funds will be distributed automatically to eligible undergraduate and graduate students based on need and enrollment status. The remaining funds not automatically distributed will be available to students who apply for additional money due to extraordinary hardship after the automatic distribution is complete.

“We understand the urgent needs of our students and their families who have suffered financial setbacks,” Tech President Phil Oldham said. “Our goal was to get these funds in the hands of students as quickly as possible.” 

At this time, the university is reviewing Department of Education guidance on student eligibility. Students will be notified through their student email account prior to funds being distributed. That message will also include more details on the application process for additional funds.

The remaining $4.3 million in funds provided by the CARES Act will be used to cover costs incurred by the university due to the COVID-19 pandemic. 

Tech also has provided refunds, student assistance and services throughout the semester. The university refunded about $3.4 million to students.

The Eagle Assistance Grant, funded through private donations and supported by the I Heart Tech Students university giving campaign, allows students to apply when they have an unexpected financial hardship. 

Michelle Price is the managing editor of the Upper Cumberland Business Journal and can be reached via email. Send an email.

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