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PBSC CARES Act Grant

What Is The CARES Act Grant?

The Higher Education Emergency Relief Fund II (HEERF II) in accordance with Section 314(a)(1) of the Coronavirus Response and Relief Supplemental Appropriations Act, 2021 (CRRSAA), provided $23 billion to colleges nationwide for emergency financial aid grants to be distributed to enrolled students who have expenses related to the COVID–19 pandemic. PBSC decided to immediately distribute their $9,466,718 CARES Emergency Grant by providing a one-time $1,000 grant to approximately 9466 students on a “first come, first served” basis. 


 

CARES Act Grant to Students Disclosure

  • The total amount of HEERF II and HEERF III funding received by PBSC was $45,778,779.
  • For the time period of April 1 – June 30, 2022, PBSC distributed $1,205,650 to 1,194 students.
  • For the time period of Jan. 1 - March 31, 2022, PBSC distributed $11,344,000 to 11,344 students.
  • For the time period of Oct. 1 - Dec. 31, 2021, PBSC distributed $5,583,000 to 5,383 students.

 

Past Reports


As of December 31, 2021:

  • The total amount of HEERF II and HEERF III funding received by PBSC was $45,778,779.
  • PBSC has distributed $33,862,00 to students

As of October 7, 2021:

  • The total amount of HEERF II and HEERF III funding received by PBSC was $45,778,779.
  • PBSC has distributed $28,586,718 to students

HEERF I Funds: The Coronavirus Aid, Relief and Economic

Award Number 84.42E Student: $9,466,718  |  Total Disbursed to Students: $9,466,718  |  Total Number of Students Awarded: 9,466

HEERF II Funds: The Coronavirus Response and Relief Supplemental Appropriations Act (CRRSA Act)

Award Number 84.42E Student: $9,466,718  |  Total Disbursed to Students: $9,466,718  |  Total Number of Students Awarded: 9,466

HEERF III Funds: The American Rescue Plan (ARP)

Award Number 84.42E Student: $36,312,061 |  Total Disbursed to Students: $19,120,000  |  Total Number of Students Awarded: 19,120

Total Awards for HEERF I, II and III Funds

Award Number 84.42E Student: $55,245,497 |  Total Disbursed to Students: $38,053,436 


As of August 9, 2021:

  • PBSC has distributed $13,247,000 to students.
  • PBSC has an estimated 9,353 student eligible to receive CARES Act funding of that amount PBSC has awarded funding to 9,275 (unduplicated) students.

As of June 23, 2021:

  • PBSC has distributed $12,623,000 to students.
  • PBSC has an estimated 9,353 student eligible to receive CARES Act funding of that amount PBSC has awarded funding to 9,275 (unduplicated) students.

As of June 17, 2021:

  • PBSC has distributed $12,283,000 to students.
  • PBSC has an estimated 9,466 student eligible to receive CARES Act funding of that amount PBSC has awarded funding to 9,275 (unduplicated) students.

As of April 19, 2021:

  • PBSC has distributed $6,996,000 to students.
  • PBSC has an estimated 9,466 student eligible to receive CARES Act funding of that amount PBSC has awarded funding to 6,996 (unduplicated) students.

As of March 26, 2021:

  • PBSC has distributed $5,579,000 to students.
  • PBSC has an estimated 9,466 students eligible to receive CARES Act funding of that amount PBSC has awarded funding to 5,579 (unduplicated) students.

As of October 30, 2020:

  • PBSC has distributed $9,466,718.00 to students.
  • PBSC has an estimated 18,800 students eligible to receive CARES Act funding of that amount PBSC has awarded funding to 11,372 (unduplicated) students.
 

As of October 8, 2020:

  • PBSC has distributed $9,466,718.00 to students.
  • PBSC has an estimated 18,800 students eligible to receive CARES Act funding of that amount PBSC has awarded funding to 11,372 (unduplicated) students.

As of August 10, 2020:

  • PBSC has distributed $7,944,500 to students.
  • PBSC has an estimated 18,800 students eligible to receive CARES Act funding.
    PBSC has awarded funding to 9,848 (unduplicated) students.
 

As of July 1, 2020:

  • PBSC has distributed $7,464,000 to students.
  • PBSC has an estimated 18,800 students eligible to receive CARES Act funding.
  • PBSC has awarded funding to 9,260 (unduplicated) students.
 

As of May 14, 2020:

  • PBSC has distributed $3,962,500 to students.
  • PBSC has an estimated 18,800 students eligible to receive CARES Act funding.
  • PBSC has awarded funding to 7,925 students.
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