OTC distributes $3M in federal funds to students

Ozarks Technical Community College distributed $3.4 million in federal funds to its students on Friday.

The funds were presented to students as grants to cover expenses such as rent, food and school-related costs, according to a news release. OTC was authorized for the federal funding through the Coronavirus Response and Relief Supplemental Appropriations Act’s Higher Education Emergency Relief Fund II.

“The past year has been stressful for everyone physically, emotionally and economically,” said Hal Higdon, OTC chancellor, in the release. “I am thankful we can distribute these funds to our students to provide some relief for those who have suffered financial hardships.”

Students eligible for Pell Grants are receiving $465, while all other students are getting $400.

OTC last year distributed nearly $4 million worth of grants to students via HEERF I, according to the release. The school also allocated another $176,405 in HEERF I grants for emergency needs and provided $500 technology grants.

Earlier this month, Drury University announced federal stimulus funds totaling $1.2 million for its students, according to past reporting.