Financial Management

  • CSUN as One Fall 2020 Planning Hub

CARES Act Disbursement

Overview

The Coronavirus Aid, Relief and Economic Security (CARES) Act was passed by the U.S. Government to provide support in the wake of the coronavirus public health crisis and associated economic fallout. One section of the CARES Act established the Higher Education Emergency Relief Fund (HEERF), which provides funding to the nation's colleges and universities to provide emergency grants to students. This funding also covers a portion of certain unbudgeted costs and lost revenue due to the disruption of campus activities due to the COVID-19 pandemic under HEERF's Institutional Portion. CSUN has signed and returned the Recipients Funding Certification and Agreement to the U.S. Department of Education indicating that the university will use no less than 50% of the funds received under Section 18004(a)(1) of the CARES Act to provide emergency aid to students.

California State University, Northridge was awarded $44,652,328, of which no less than $22,326,164 or 50% is being disbursed to students. Upon receiving the funding allocation in early May 2020, CSUN distributed grants to eligible students based on financial need. To view more information on eligibility and how students were awarded, please visit CSUN Financial Aid's Resources webpage.

Institutional Portion of the Higher Education Emergency Relief Fund Information

The Funding Certification and Agreement for the Institutional Portion of the Higher Education Emergency Relief Fund (HEERF) was signed and returned on May 5, 2020. Pursuant to the agreement, CSUN was awarded $22,326,164. CSUN plans to draw down a significant amount of these funds in the second quarter which ends on December 31, 2020.

Minority Serving Institution Funds (MSI) - Higher Education Emergency Relief Fund

The Funding Certifications and Agreement for the MSI portion of the Higher Education Emergency Relief Fund was signed and returned on May 7, 2020. Pursuant to the agreement, CSUN was awarded $3,383,018. CSUN plans to draw down a significant amount of these funds in the second quarter which ends on December 31, 2020.

Quarterly Expenditure Reports