Office of Financial Aid & Scholarships: CARES Act
BACKGROUND
The Coronavirus Aid, Relief, and Economic Security Act (CARES) Act was signed into law March 27, 2020.
The Act provides nearly $14 billion in aid to address higher education challenges created by the COVID-19
pandemic. Of this amount, $12.6 billion is allocated directly to colleges and universities. UC Santa Barbara is
eligible for a total allocation of $25,204,196.
Of the amount received by each institution, at least 50 percent must be used “to provide emergency
financial aid grants to students for expenses related to the disruption of campus operations due to
coronavirus”. UC Santa Barbara has a total allocation of $12,602,098 for this purpose. Institutions shall not
use these funds to reimburse themselves for any costs or expenses, including, but not limited to, any costs
associated with significant changes in the delivery of instruction due to the coronavirus and/or any refunds
or other benefits that the institutions previously issued to students.
A letter from the Secretary of Education, released April 9, 2020 and the associated Funding Certificate and
Agreement make it clear that colleges and universities have broad discretion in awarding these funds. The
Secretary indicates, “…each institution may develop its own system and process for determining how to
allocate these funds, which may include distributing the funds to all students or only to students who
demonstrate significant need… With that said, I would like to encourage the leadership of each institution
to prioritize your students with the greatest need, but at the same time consider establishing a maximum
funding threshold for each student to ensure that these funds are distributed as widely as possible.”
Table 1: Shares of CARES Act Funding, April 9, 2020.
University Allocation Min. Fin Aid
University of California, Berkeley $30,440,627 $15,220,314
University of California, Davis $33,871,763 $16,935,882
University of California, Irvine $36,731,629 $18,365,815
University of California, Los Angeles $35,906,870 $17,953,435
University of California, Merced $13,037,897 $6,518,949
University of California, Riverside $29,734,626 $14,867,313
University of California, San Diego $34,889,769 $17,444,885
University of California, San Francisco $867,955 $433,978
University of California, Santa Barbara
25,204,196
12,602,098
University of California, Santa Cruz $19,327,201 $9,663,601
TOTAL $260,012,533
$130,006,270