CRRSAA Funding for Students in Need

Through the Federal Coronavirus Response and Relief Supplemental Appropriations Act (CRRSAA), CNM is able to offer financial assistance to students in need.

Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act in March of 2020. CNM has received funding under three CARES grant programs: CARES, CRRSSA, and the American Rescue Plan (ARP) which were designed to provide relief to students and colleges from the economic fallout related to the COVID-19 pandemic. The student portion is meant to provide financial relief to students who have experienced the loss of income or added expenses as a result of the pandemic. CNM Cares grant funding is described in the table below. Additional funding was received as CNM is a Minority Serving Institution.

CARES -HEERF I CRRSSA - HEERF II ARP - HEERF III
Student Aid

          4,652,717

               4,652,717

      19,134,329

Institutional Portion

          4,652,716

             16,751,748

      18,010,752

Minority Serving Institutions

             608,772

               1,190,081

        2,007,027

$        9,914,205

$           22,594,546

$  39,152,108

For each grant, the Central New Mexico Community College (CNM) signed and returned a Certification and Agreement with the Department of Education to accept allocated funds from the American Rescue Plan (ARP), Public Laws 116-260 and 117-2.

More Information

Taxes

According to the Internal Revenue Service, "Emergency financial aid grants under the CARES Act for unexpected expenses, unmet financial need, or expenses related to the disruption of campus operations on account of the COVID-19 pandemic, such as unexpected expenses for food, housing, course materials, technology, health care, or childcare, are qualified disaster relief payments under section 139." For more information please visit the IRS FAQ page

Repayment

The funds provided by the CARES Act are grants, so they do not need to be repaid.