Consumer Information

Section 18004(c) of the CARES Act requires institutions to use no less than 50 percent of the funds received from 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).

Below are items MSM is required to report on as part of the CARES Act (Last Updated on 10/30/2020):

1. MSM acknowledges that the institution signed and returned to the Department the Certification and Agreement and the assurance that the institution has used, or intends to use, no less than 50 percent of the funds received under Section 18004(a)(1) of the CARES Act to provide Emergency Financial Aid Grants to students.
2. The total amount of funds that the institution will receive from the Department pursuant to the institution’s Certification and Agreement [for] Emergency Financial Aid Grants to Students:  $220,741.
3. The total amount of Emergency Financial Aid Grants distributed to students under Section 18004(a)(1) of the CARES Act as of the date of submission (i.e., as of the 30-day Report and every 45 days thereafter):  $220,741.
4. The estimated total number of students at the institution 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:  332.
5. The total number of students who have received an Emergency Financial Aid Grant to students under Section 18004(a)(1) of the CARES Act:  131.
6. The method(s) used by the institution to determine which students receive Emergency Financial Aid Grants and how much they would receive under Section 18004(a)(1) of the CARES Act:  MSM launched a formal application process, inviting all Title IV-eligible students to apply.  Students were required to provide details about expenses they have or will incur as a result of disruption of MSM campus operations due to coronavirus (including eligible expenses under their cost of attendance, such as food, housing, course materials, technology, health care, and childcare).  MSM made grant award decisions based on information provided by the student as part of the grant application process and their overall financial need, prioritizing students with the most need.
7. Any instructions, directions, or guidance provided by the institution to students concerning the Emergency Financial Aid Grants:  Besides the communication around the formal grant application process, MSM has an email address, CaresAct@msmnyc.edu, for questions.

In addition, MSM received funds under Section 18004 (a)(1) Institutional Portion and (a)(3) of the CARES Act for Institutional Relief. MSM’s Quarterly Budget and Expenditure Report, detailing the allocation of these funds can be found by clicking below.