Stimulus Payment Disbursement


Update: May 26, 2020

Report for funds disbursed to students under the Emergency Financial Aid Grants to Students under the Coronavirus Aid, Relief, and Economic Security (CARES) Act

1. An acknowledgement that the institution signed and returned to the Department the Certification and Agreement and the assurance that the institution has used, or 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. Central State University (CSU) acknowledged the Certification and Agreement on April 13, 2020.


2. The total amount of funds that the institution will receive or has received from the Department pursuant to the institution’s Certification and Agreement [for] Emergency Financial Aid Grants to Students. CSU has received $1,678,000 of the $1,822,906 award amount.


3. The total amount of Emergency Financial Aid Grants distributed to students under Section 18004(a)(1) of the CARES Act as of the date of submission (i.e., as of the 30-day Report and every 45 days thereafter). The University disbursed $1,678,000 to 1733 students.


4. The estimated total number of students at the institution eligible to participate in programs under Section 484 in Title IV of the Higher Education Act of 1965 and thus eligible to receive Emergency Financial Aid Grants to students under Section 18004(a)(1) of the CARES Act. The University disbursed Emergency Financial Aid to 1733 students. All eligible students were disbursed aid under this allocation methodology.


5. The total number of students who have received an Emergency Financial Aid Grant to students under Section 18004(a)(1) of the CARES Act. The total pool of 1733 eligible students have received emergency aid from the CARES funding in this first round.


6. The method(s) used by the institution to determine which students receive Emergency Financial Aid Grants and how much they would receive under Section 18004(a)(1) of the CARES Act. The University identified the eligible students after excluding students who were international, 100% online, employees or in federal aid default. The students that remained were allocated funds based on the University full-time and part-time status. Refunds were based on the following cost of attendance allocations: food ($250), housing ($250), course materials ($250), and technology ($250). Full-time students with 12 credits or above received $1,000 and part-time students 3 credits to 11 credits received $500. The initial disbursement of funds represented 91% of the available funds allocated by the CARES Act to the University. The remaining funds were set-aside in an emergency pool for summer and fall emergency needs of the students. These funds will be disbursed through an application process administered by the Office of Financial Aid.


7. Any instructions, directions, or guidance provided by the institution to students concerning the Emergency Financial Aid Grants. The University used two methods to communicate with students regarding the emergency financial aid funds. The University placed the information on the University Website and sent an All-FYI email to all students. In addition, a University Press Release was released to the public on the receipt of the funds and timing of disbursement to the students.


Update: May 7, 2020

Recently, the Cash Management Office submitted the CARES ACT Stimulus payment to your TMS/Nelnet account effective Wednesday, May 6th. Payments to eligible students will not be received timely if any of the following occur:

• You have recently updated “ANY” information on TMS/Nelnet website within the last seven days. If account was updated, you will need to allow an additional 3-5 business days for direct deposit and even longer for US mail.

• You have changed your name on your personal bank account. This too can cause a delay of the CARES STIMULUS direct deposit/check.

• You have recently closed your bank account. Funds will return to TMS/Nelnet and the disbursement process will need to start over.


If any of the above situations occurred, once you have corrected/updated your TMS/Nelnet account you will need to contact the Cash Management Office at cashmanagement@centralstate.edu of the change. The following items need to be included in your email response when contacting the Cash Management Office (CMO) for payment to be disbursed to your account:

• Reference the subject line as “TMS Name Change”

• Full Name and Student ID


Note: All information provided must match your profile in TMS/Nelnet. Once, the Cash Management Office receives the email your file will be processed within 24 hours and you could expect to receive your disbursement in 3-5 days.


Stimulus Payments to Students

These are unprecedented and challenging times for the University and our students. We know you find yourselves grappling with issues you never imagined, and we want to assure you that the University is here to support you and provide the resources and flexibilities you need to continue your education. The Coronavirus Aid, Relief, and Economic Security Act, also known as the CARES Act, allocates an amount to institutions of higher learning in order to provide emergency assistance to its students. Central State University has received this federal emergency financial aid and will be disbursing funds to eligible students enrolled during the Spring 2020 semester. This stimulus payment will be disbursed to students to assist with expenses related to the disruption of campus operations due to coronavirus. What does this mean for CSU students? The below Frequently Asked Questions have been created to address the most common questions related to this disbursement.


FAQs


Are any students excluded from the stimulus payment?
Stimulus funds are only available for U.S. citizens. Any student that is not a U.S. citizen or that has withdrawn or been suspended before March 23, 2020 will not be disbursed stimulus funds. In addition, Union Plus or 100% online students will also not be included in the disbursement of the CARES Act funds as they incurred no significant educational disruptions.


When will the funds be available?
The funds will be requested from the Department of Education as soon as available and is expected to be disbursed to students by early May.


How will students be paid?
Students will be paid via Direct Deposit to the account they have selected.


What if I do not have direct deposit set up?
Stimulus payments will be processed and disbursed in the same manner as a typical refund. If you do not have a direct deposit account setup through Nelnet/TMS use the following instructions to complete. All accounts need to be setup no later than April 29, 2020 to receive the stimulus payment.


Log on to Nelnet/TMS - https://centralstate.afford.com
Select Refund
Select Refund Payment Method

o Direct Deposit, or

o Check

Submit