What is the CARES Act?

 

The Coronavirus Aid, Relief, and Economic Security (CARES) Act was passed by Congress with overwhelming, bipartisan support and signed into law by President Trump on March 27th, 2020. 

This over $2 trillion economic relief package delivered to protect the American people from the public health and economic impacts of COVID-19.

AIMM students qualify for Emergency Financial Aid Grants through the U.S. Coronavirus Aid, Relief, and Economic Security (CARES) Act.

You must fill out a 2020-2021 FAFSA to qualify to receive this grant. AIMM will be disseminating these funds evenly to active students for both summer and fall terms ONLY, so it’s imperative you remain enrolled in school to qualify!
 
(Approximately $800 per student will be available spread over the Summer and Fall terms based on AIMM's overall student enrollment)
 

Additional CARES Act Info for AIMM Students

Department the Certification Agreement
Atlanta Institute of Music and Media acknowledges that the institution has signed and returned the Department the Certification Agreement and assures that the institution 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.
Certification and Agreement for Emergency Financial Aid Grants
Atlanta Institute of Music and Media has received $337,362 from the Department of Education pursuant to the institution’s Certification and Agreement for Emergency Financial Aid Grants to Students.
Dispersal Amount to Students
Atlanta Institute of Music and Media intends to distribute $168,681 to students under Section 18004(a)(1) of the CARES Act in two disbursements scheduled for August 6, 2020 and November 5, 2020.
Eligible Students
Atlanta Institute of Music and Media estimates that approximately 191 students are eligible to participate in the Federal student financial aid programs under Section 484 of the Higher Education Act of 1965, as amended, and thus are eligible to receive Emergency Financial Aid Grants to students under Section 18004(a)(1) of the CARES Act.
Total Number of Students Who Have Received an Emergency Financial Aid Grant
Atlanta Institute of Music and Media verifies that a total number of <10 students have received the Emergency Financial Aid Grant under Section 18004(a)(1) of the CARES Act grant. Atlanta Institute of Music and Media will disseminate the Grant to approximately 191 students in two disbursements scheduled for August 6, 2020, and November 5, 2020.
How Will Students Receive Emergency Financial Aid Grants?
Atlanta Institute of Music and Media has determined that Emergency Financial Aid Grant under Section 18004(a)(1) of the CARES Act will be divided equally to all actively enrolled students in Summer 2020 term (approximately $400 per student) and all actively enrolled students in the Fall 2020 term (approximately $400 per student).
Guidance Provided by AIMM
Atlanta Institute of Music and Media has provided directions and guidance for applying to the Emergency Financial Aid Grant under Section 18004(a)(1) of the CARES Act to all its students through text, email, social media, learning management system, and website correspondence.