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MVNU provides CARES Act funding to most students, establishes emergency grant

MOUNT VERNON, Ohio — Most Mount Vernon Nazarene University students will receive a cash stipend as part of MVNU’s allocation of CARES Act funding, according to President Dr. Henry W. Spaulding II.

“The MVNU community cares about the stress that COVID-19 has caused in our students’ lives. We look carefully at any avenue of support that we can procure toward alleviating these stresses,” said Spaulding. 

Over 1,225 students will each receive a one-time payment of $250 that will be distributed directly to students the week of May 11. Students were notified about the funding by email.

The remaining funding will be used to establish a COVID-19 Emergency Grant fund to assist with unexpected expenses incurred when the university transitioned to online learning during Spring semester.

Institutions of higher education have the ability to determine how best to reach their students with funds awarded through the CARES Act. MVNU’s hybrid approach to the funding gives cash directly to students while providing additional resources for unexpected costs.

“We are hopeful releasing these funds directly to students will help alleviate some of the financial burden associated with the disruption of on-campus learning that occurred in March,” said Jared Sponseller, Director of Student Financial Services. “Additionally, the application for additional assistance will allow MVNU to further assist those with greater financial need.”

Students and families may request funds to cover food, housing, course materials, technology, health care and child care costs that are the result of the transition.

This specific allocation of funds was provided to most colleges and universities across the nation, and was based on college size and financial need connected to the federal Pell Grant. MVNU proudly continues to be an institution of access, with over 35% of its student population qualifying for the Pell Grant in the 2019-20 school year.

Mount Vernon Nazarene University is a private, four-year, intentionally Christian teaching university for traditional age students, graduate students, and working adults. With a 327-acre main campus in Mount Vernon, Ohio, MVNU emphasizes academic excellence, spiritual growth, and service to community and church. MVNU offers an affordable education both in-seat and online to more than 2,200 students from 34 states and 14 foreign countries.