May 21, 2020 Report

Rensselaer Polytechnic Institute

Department of Education Award #P425E200829 

Pursuant to the guidance provided by the Office of Postsecondary Education of Department of Education on May 7, 2020, Rensselaer Polytechnic Institute provides the following report in accordance with Section 18004(e) of the CARES Act.

Rensselaer Polytechnic Institute (“Rensselaer”) has completed, signed and returned to the Department of Education the required Certification and Agreement and affirms that the institution 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.

Rensselaer has been awarded $2,414,391 by the Department of Education pursuant to the institution’s Certification and Agreement for Emergency Financial Aid Grants to Student. The funds are currently available for distribution to Rensselaer.  As of May 21, 2020 no funds have been drawn by Rensselaer.

As of the date of this submission, May 21, 2020, no funds have been distributed to students under Section 18004(a)(1) of the CARES Act.

Rensselaer estimates that based on data for the Spring 2020 semester, approximately 3,988 students were eligible to receive Emergency Financial Aid Grants under Section 18004(a)(1) of the CARES Act.  Rensselaer was unable to determine eligibility for approximately 1,632 students and approximately 1,485 students were not eligible to receive grants.

Rensselaer is currently finalizing its methodology for awarding Emergency Financial Aid Grants under Section 18004(a)(1) of the CARES Act.  The amount of individual awards have not yet been determined.

Rensselaer has not provided any instructions, directions, or guidance to students concerning the Emergency Financial Aid Grants.  General information about the funding available to Rensselaer under Section 18004 of the CARES Act has been provided on the Rensselaer website (https://covid19.rpi.edu/cares-act).

Report submitted May 21, 2020.

/s/ Barbara Hough
Vice President for Finance and Chief Financial Officer
Rensselaer Polytechnic Institute

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