Coronavirus: Student Financial Services Information

The U.S. Department of Education established the Coronavirus Response and Relief Supplemental Appropriations Act, 2021 (CRRSAA) to provide emergency financial aid grants to students who experienced unexpected expenses related to the disruption of campus operations due to the COVID-19 pandemic. These grants are part of the CRRSAA Higher Education Emergency Relief Fund (HEERF II).

Eligibility Requirements for WFU Students Receiving the Grant:

HEERF II eligibility requirements for Wake Forest students, which include:

  • being enrolled (or in “continuous enrollment status”) as of February 11, 2021. 
  • having valid FAFSA results for 2020-2021 as of February 11, 2021.

The University has prioritized extending HEERF II funds to students with exceptional financial need as recommended by the U.S. Department of Education. 

Using the Grant:

HEERF II funds may be used for any component of the student’s cost of attendance or for emergency costs that arise due to coronavirus, such as tuition, food, housing, health care (including mental health care) or child care.

 


FAQ for Students Eligible for the HEERF II Grant:

 

 How did Wake Forest determine who will receive HEERF II emergency aid grants?

Wake Forest prioritized extending HEERF II funds to students with exceptional financial need as recommended by the Department of Education. Our guideline for awards gave grants to undergraduate and graduate/professional school students on the Reynolda Campus enrolled in the 2020-21 academic year based on their Expected Family Contribution (EFC) as determined by the Free Application for Federal Student Aid (FAFSA).

 How do I set up direct deposit?             

 Refer to this website for detailed instructions. Direct Deposit must be set up by Tuesday, March 23. 

Why is the amount I received different than the amount my friend/classmate received?

Grant amounts were calculated based on a student’s individual circumstances and their Expected Family Contribution (EFC). Multiple tiers of grant amounts were created for undergraduates, graduate & professional school students based on their demonstrated financial need. Graduate & professional school student modality was also a consideration.

 My financial situation has changed and I am in need. Can I apply for these grants?

Although these grants have already been awarded, you can contact Student Financial Aid at financial-aid@nullwfu.edu or 336-758-5154 to discuss your needs and to explore other options.

Will my award impact my financial aid for next year?

 No. This award will not be factored into your financial aid for this year or next year.

Is this award considered taxable income?

No, this award is not taxable income as it is considered a qualified disaster relief payment under section 139 of the Internal Revenue Code. 

Will this award be reflected on my Form 1098-T?

 No. This award will not be reflected on your 2020 or 2021 1098-T tax form.