On April 29, COO David Phelps sent an email to students, sharing updates on financial options for them.
Recently, Valpo was granted money as a part of the CARES Act Grant, which will allow for Title IV eligible students to receive money back from the university.
The amount that students can receive, which varies from $200 to $900, will be based on three things: financial need determined by FAFSA, part or full time status and undergrad or graduate status.
These amounts will be deposited directly into the bank accounts already on file or to their student payment portal. Otherwise, they will be mailed in the form of a check to the address the university has on file.
Students do not have to apply for this grant, as each student is automatically eligible if they meet the Title IV requirements.
According to Title IV restrictions, international students will not be considered for this grant.
Fortunately, there is another option for international students and others who do not qualify for the CARES Act Grant.
This is a university grant through the Office of International Programs. It will be fulfilled on an as needs basis and based on available funding. Students can access this application via this link.
Room, board and parking refunds are still being calculated.
According to the email, they are calculating refunds for residential students, as per the Indiana stay-at-home order. It is also being mentioned that partial refunds will be available for commuters who purchased meal plans or parking passes.
These refunds are calculated on a case-by-case basis to determine what is best for each individual.
Refunds will be posted to the student's Student Account. If a student owes money on their Student Account, it will go towards paying that outstanding balance. If not, students will be able to request a refund via the Student Account’s website, or use it towards the upcoming fall semester.
Phelps also wanted to remind students that the balance threshold to register for classes has been raised to $3,000 as opposed to the normal $1,000.
Another reminder for students is the application for Federal Grants. This grant is for students who have been financially impacted by COVID-19, including those who lost an on/off campus job or if their parents lost a job or lost hours.
Students can receive amounts ranging from $500 to $6,000, depending on need.
Students can apply via this link until May 1.
The Torch will continue to update this story as more information becomes available.