CARES Act Emergency Financial Aid Grant
The Coronavirus Aid, Relief and Economic Security (CARES) Act is a federal legislation that provides economic relief to individuals and businesses affected by the COVID-19 pandemic.
Within the CARES Act there is a section pertaining to the Higher Education Emergency Relief Fund (HEERF); The HEERF is monies allocated to institutions in order to provide emergency grants to students for expenses related to the disruption of campus operations due to COVID-19. McDaniel College applied for the funds and based on the results, McDaniel College received a total allocation of $1,629,536. As a requirement, the institution signed a certification and agreement to assure that no less than 50 percent of the funds ($814,768) will be provided directly to students.