Pop Quiz - Is the Waiver of the Institutional Share Matching Requirement for Federal Work-Study (FWS) and Federal Supplemental Educational Opportunity Grant (FSEOG) Still in Effect?
Scenario:
Our school remembers automatically receiving the institutional share waiver for the 2019-20 and 2020-21 award years due to the national emergency. Our school is not designated as Title III or Title V. We assumed this was still the case for the 2021-22 award year. Was this a correct assumption?
Answer:
No. This waiver was specifically defined in the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) as only applying to the 2019-20 and 2020-21 award years. It does not extend beyond the 2020-21 award year and it does not extend through the end of the payment period that includes the last date that the national emergency is in effect.
See AskRegs Knowledgebase Q&A, When Do the Various Title IV COVID-19 Flexibilities and Waivers End?
Publication Date: 6/10/2022
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