UT-Austin will distribute the latest COVID-19 student emergency funds to some eligible students in the next week, according to the Texas One Stop webpage. 

The Higher Education Emergency Relief Fund II aid is only available to Pell Grant eligible students and those whose family’s adjusted gross income (AGI) is under $65,000 and have a “remaining financial need” of $1,000.Applications are not required to receive the funds, and those eligible will receive an email Thursday with details on distribution.

Pell Grant eligible students who received aid from the CARES Act will receive $500, while those who did not will get $750. Students with an AGI under $65,000 will get $500.

Students with direct deposit set up can expect the money in their account within three to five business days, while students without a direct deposit set up will receive a check in the mail. 

This student aid comes from the Coronavirus Response and Relief Supplemental Appropriations Act passed by Congress in December, which gave UT about $48 million, with nearly $16 million earmarked for student emergency aid. 

UT will also get another roughly $85 million in federal COVID-19 relief from the American Rescue Plan Act passed in March, with half of the money — approximately $42 million — allocated for student emergency aid.

Diane Todd Sprague, executive director of the office of scholarships and financial aid, said the University has not received any guidance or updates as to when it will receive the money from the act. 

Sprague said the federal government distributed aid on a rolling basis, and UT was one of the last universities to receive its money. Sprague did not know the exact date of when UT received the money for distribution.