The Coronavirus Response and Relief Supplemental Appropriations Act (CRRSAA) Fund Disclosure (HEERF II)
New York University (NYU) is providing this information as required by the Higher Education Emergency Relief Fund (HEERF). NYU will update this information no later than 10 days after the end of each calendar quarter (March 31*, June 30, September 30, December 31).
*Please note that because the reporting requirements were not made available by the U.S. Department of Education (ED) until May 2021, the first quarterly report deadline has been extended to July 10, 2021.
New York University acknowledges and confirms that as a recipient of CARES Act funding, the institution confirms its acceptance of the terms and conditions of HEERF II (CRRSAA) funding by beginning to draw down the funds. To comply with CRRSAA Section 314(d)(5), NYU shall provide at least the same amount of funding in emergency financial aid grants to students as was required to be provided under sections 18004(a)(1) and (c) of division B of the CARES Act (Public Law 116-136).
NYU is committed to awarding CRRSAA/ Higher Education Emergency Relief Funds (HEERF) funding in accordance with guidance provided by ED.
- Total CRRSAA funds allocated to NYU: $37,413,437
- CRRSAA (HEERF II) Available for Awards to Students: $12,813,472
- CRRSAA Institutional Funding (Disclosure): $24,599,965
- Awards to Students disbursed: $12,813,472 - all student funds have been distributed
- Number of NYU students funded through CRRSAA: 5,760
- The estimated total number of NYU students eligible to participate in programs under Section 484 in the Title IV of the Higher Education Act of 1965, as amended (HEA), and therefore eligible to receive emergency grants under Section 314(a)(1) of CRRSAA: 22,785 Students
Methodology and Grant Amounts
In order to adhere to the awarding guidance of CRRSAA, NYU prioritized awarding undergraduates who were eligible US citizens, and who were identified as having exceptional financial need.
Title IV eligible students were reviewed for extraordinary financial need using a combination of application data and Pell Grant eligibility. Standard grant amounts range from $2,000 to $5,000. In extraordinary circumstances, students may have received a total award exceeding the standard range.
Aligning with CRRSAA guidance from ED, students with exceptional financial need were prioritized. Emergency grants were given to students to be put towards any component of their cost of attendance and/or emergency costs that arise due to coronavirus, such as:
- health care (including mental)
- child care
Awards were made directly to students - either via direct deposit or via check.
Emergency Relief Funds should not be taxable income for the student. Please refer to the following IRS guidance.
Please direct any questions to Jason Crowe, Enrollment Management Director of Compliance at firstname.lastname@example.org