The American Rescue Plan(ARP) is a federal law that was passed on March 11, 2021. The law provides financial relief to higher education institutions to address the economic impact of the coronavirus (COVID-19). UA Little Rock will disburse approximately $10 million in student aid directly to eligible students. UA Little Rock’s goal in using the funds is to help students meet the critical needs due to COVID-19 as students pursue a degree from UA Little Rock.
The funding is available to eligible undergraduates and graduate students. Awards will occur during fall 2021, spring 2022, and summer 2022 terms. The majority of funds will be awarded to eligible students this fall, and the remaining funds will be awarded over subsequent terms to eligible students.
There are two methods for students to receive funding through ARP.
Method 1: Direct Aid for Undergraduates
The first method is through the CARES Act Direct Aid for Undergraduates, which will be used to award funds directly to undergraduate students enrolled in the fall 2021 term. Initial disbursements are expected by August 25, 2021. Eligible undergraduates will receive an award posted to their BankMobile account (see below for BankMobile instructions). The award amount is based on multiple factors, including the number of enrolled credit hours as well as unmet financial need as determined from the FAFSA. Students who receive funds through the CARES Act Direct Aid for Undergraduates must meet eligibility requirements provided by the U.S. Department of Education, including:
- Enrolled as a degree-seeking undergraduate as of August 23, 2021.
- Submitted a FAFSA for the academic year 2021-22.
- As part of the acceptance of the funds, the student agrees that the funds will be used for “expenses related to the disruption of campus operations due to coronavirus (including eligible expenses under a student’s cost of attendance such as food, housing, course materials, technology, health care, and child care).” Students who do not agree to use the funds for this use must complete the form here to opt out of CARES Act funding. If the opt-out form is completed after August 24, 2021 students will need to contact the Office of Financial Aid & Scholarships about the process to return CARES Act funds.
There is no action required for eligible undergraduates to receive these funds except verifying your BankMobile account (see below).
Method 2: CARES Act Aid Application
The second method to receive funds is through the CARES Act Aid Application. Eligible undergraduates and graduates, including students enrolled at the Bowen School of Law and the Clinton School of Public Service, may apply to receive reimbursement of COVID-19 related expenses through the CARES Act Aid Application.
All students, undergraduate or graduate, should use the CARES Act Fall 2021 Application to apply for funding. Undergraduates should only submit a CARES Act Aid Application if they received no or insufficient funding through Method 1, CARES Act Direct Aid for Undergraduates. Graduates, including Bowen School of Law and Clinton School of Public Service, should also apply via the application linked above.
Students who receive funds through the CARES Act Aid Application must meet eligibility requirements provided by the U.S. Department of Education, including:
Enrolled as a degree-seeking undergraduate or graduate as of August 23, 2021.
Further, a student who receives funds must agree that the funds will be used for “expenses related to the disruption of campus operations due to coronavirus (including eligible expenses under a student’s cost of attendance such as food, housing, course materials, technology, health care, and child care).”
Awards for approved applications will be disbursed periodically, usually weekly, depending on the number of applications received and the availability of funds.
Important: Please Verify Your BankMobile Account
UA Little Rock intends to disburse the funds as quickly as possible to eligible students. To ensure there are no delays in processing, please verify you have signed up to receive refunds through BankMobile. If you are unsure of the process or have not signed up, please review the instructions for BankMobile at ualr.edu/bursar.
Awards will be posted to your BankMobile account. If you have questions about BankMobile, please contact the Bursar’s Office at firstname.lastname@example.org.
Students with questions concerning the CARES Act Aid Application may submit questions to email@example.com.