On April 15th, 2020 Franklin College entered into an agreement with the U.S. Department of Education in an effort to provide assistance to students who have been adversely impacted by the recent COVID-19 pandemic as it relates to the disruption of campus operations. These direct disbursements are being provided as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Franklin College assures that no less than 50 percent of the funds received under the CARES Act will be used to provide Emergency Relief Grants to eligible students. The Emergency Relief Grant funds – totaling $535,937 – were received from the U.S. Department of Education on April 30th, 2020.
Per guidance from the Department of Education, recipients must be Title IV-eligible and the College must document how the recipient has been impacted.
The College has identified roughly 800 students who may qualify for assistance. In order to ensure every eligible student has the opportunity to request assistance, award allocations will be determined based on demonstrated financial need as determined by the FAFSA (see below).
All monies will be disbursed as a check and mailed to the address on file. Students are encouraged to verify their current mailing address by logging in to Self-Service prior to submission of the form. Students needing to update their current mailing addresses will need to complete a Student Change of Information form.
Current Statistics
| Calendar Month | Total Number of Emergency Relief Grant Recipients | Total Amount of Emergency Relief Grant Funding Distributed |
| As of May 31, 2020 | 403 | $201,250 |
| As of June 30, 2020 | 419 | $207,350 |
| As of July 31, 2020 | 423 | $209,550 |
| August 31, 2020 | 424 | $210,300 |
| September 21, 2020 | 752 | $535,937 |
Method Used to Determine Amount Allocated
| Eligible Recipients | |
| Expected Family Contribution (EFC) | Amount Allocated |
| 0-5576 (i.e. Pell Grant eligible) | $750-1,300 |
| 5577-7000 | $500-1,000 |
| 7001-10,000 | $400-800 |
| 10,001-20,000 | $300-600 |
| Greater than 20,000 | $200 |
| Non-EFC-related | $200 |
First Quarter Institutional Reporting – September 30, 2020
Second Quarter Institutional Reporting – December 31, 2020
Q: What can I use these funds for?
A: These funds are to be used towards expenses as it relates to food, housing, technology, course materials, and other day-to-day living expenses.
Q: Is this a reoccuring payment? How can I request more assistance?
A: Given the limited amount of funds received, this is currently a one-time payment. Once the June 2 deadline to submit an application has expired, the College will assess funding levels to determine the next course of action.
Q: How was the amount I received determined?
A: In order to ensure every eligible student has the opportunity to request assistance, the allocation of funds were based on several factors including – but not limited to – an analysis of the entire student body, the amount of funding available, and information obtained from your FAFSA.