American Rescue Plan Act (ARPA)

On March 11, 2021 the American Rescue Plan Act (ARPA) was signed into law by the President of the United States. The ARPA, among other relief measures, provided for emergency relief for students and institutions of higher education. Funding, as outlined in Section 2003 (a)(1), was allocated to each institution of higher education based on a formula as defined by the ARPA. 

Under this formula, Rensselaer was allocated a total of $13,642,165. A minimum of $6,821,083 is required to be allocated to direct student aid; the remaining funds are available to assist with offsetting institutional costs incurred due to the COVID-19 pandemic.

Direct Student Aid

As part of the American Rescue Plan Act — (ARPA), 2021 — on May 20, 2021, Rensselaer was awarded $6,821,083 by the Department of Education for direct student emergency financial aid grants. As of June 30, 2021, the Institute is in the process of developing its policies with regard to distribution of grants. Once finalized, all available funds will be distributed to eligible students, as required by the terms and conditions of the award, prioritizing awards to the highest need students at Rensselaer.

Institution Aid

On May 20, 2021, Rensselaer was awarded $6,821,082 by the Department of Education for reimbursement of institutional costs, including lost revenues, associated with the COVID-19 pandemic as awarded in the ARPA.  No funds have been expended for this award as of June 30, 2021.

Reporting

The ARPA requires institutions to submit ongoing reports. View the reports below.

 

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