What is the SPC CARES Act?
The Higher Education Emergency Relief Fund (HEERF) provided $6 billion to colleges nationwide for emergency student financial aid to be distributed to enrolled students who are "Title IV eligible" and have expenses related to the COVID-19 virus. SPC decided to immediately distribute their $6,406,741 CARES Emergency Grant by providing a one-time $500 grant to approximately 12,000 students on a “first come, first served” basis.
Who is eligible?
If you filed a 2019-20 FAFSA, meet federal financial aid eligibility requirements AND you have a job loss, loss of income, temporary furlough, or medical expenses as a result of COVID-19, you can apply.
How do I apply?
Look in your MySPC student email for a link.
How much money can I get?
$500. SPC will release the funds whether you owe SPC a balance or not.
How can I spend the money?
You may spend the money on expenses related to COVID-19 as you indicated on your application, including housing, food, utilities, childcare, technology, medical or education.
Can I get the Foundation Emergency Grant and the SPC CARES Act funds?
Yes and No. You may receive a total of $500.
- If you have already received the Foundation Emergency Grant in the amount of $500, you do not qualify for SPC CARES Act funds
- If you have received a partial Foundation Emergency Grant, SPC will automatically award you the difference, up to a total of $500
- If you receive SPC CARES Act funds for $500, you do not qualify for the Foundation Emergency Grant
What will I be able to see in MySPC?
Once you submit the SPC CARES Act application, you will see an item on your MySPC To Do List as follows:
- Received - SPC has received your application and it is under review
- Completed - SPC has received your application and it has been approved
- Returned - SPC has reviewed your application and it has not been approved at this time Complete the 2019-20 FAFSA or outstanding MySPC To Do List items in order to have your application reviewed again automatically
- In addition, you will receive an SPC student email indicating your application approval or denial
When will I receive the funds?
Upon approval of your SPC CARES Act application, the funds will be released to you within one week.
How will I receive the funds?
Upon approval of your SPC CARES Act application, the funds will be released to you based on your selected refund preference for BankMobile. If you have not selected a refund preference, the funds will be released to you by paper check. Make sure your address is up-to-date in MySPC.
Are there any programs that are not eligible for SPC CARES Act funds?
The following fully online certificate programs are not eligible programs for students to receive SPC CARES Act funds:
- Computer-Related Crime Investigation Certificate
- Cybersecurity Certificate
- Emergency Administration and Management Certificate
- Homeland Security Certificate
What if I thought I was eligible, but I received an email that I'm not?
Make sure you have completed the 2019-20 FAFSA and check your MySPC To Do List for any outstanding items that need to be completed. You must meet federal financial aid eligibility requirements AND have a job loss, loss of income, temporary furlough, or medical expenses as a result of COVID-19.
How much has SPC awarded to students so far?
As of 5/4/2020, SPC has awarded 6,226 students a total of $3,079,459.
Are CARES Act funds taxable?
Emergency financial aid grants under the CARES Act for unexpected expenses, unmet financial need, or expenses related to the disruption of campus operations on account of the COVID-19 pandemic … are qualified disaster relief payments under section 139 of the Internal Revenue Code. This grant is not includible in your gross income. See IRS Guidance for more details.
Other "Special Circumstances"
St. Petersburg College understands the current COVID-19 pandemic has greatly impacted our students' educational goals. Our financial aid administrators are provided the authority to use professional judgment to make adjustments on a case-by-case basis to reflect more accurately the financial need of students and families affected by the COVID-19 pandemic.
If your financial aid status and/or eligibility has been negatively affected by COVID-19: let Financial Assistance Services know by going to www.spcollege.edu/askfas. Select the COVID-19 Financial Aid Matters option to let us know your concerns.
What if I have other questions?
Financial Assistance Services is here to help with any questions. You may submit your question online at A$KFA$ or call 727-791-2485.