The Coronavirus Aid, Relief, and Economic Security (CARES) Act was passed by Congress and signed into law to provide economic relief from COVID-19. The CARES Act includes a Higher Education Emergency Relief Fund (HEERF) which allows allocated funding to be used for emergency grants to students for expenses related to the disruption of campus operations as a result of the coronavirus.
Princeton Theological Seminary has signed and returned the certification and agreement form and intends to use the funds to provide the mandated amount of at least 50% of the emergency financial aid grants to students.
Funds received from CARES Act: $71,871
Distributed funds: None as of yet
Estimated number of students eligible: 300
Number of awards to students to date: None as of yet