MMI Distributes CARES Act Reimbursements
MMI received $481,251 in funding from the CARES Act. Refunds were evenly distributed among the 368 eligible cadets enrolled as of March 16, 2020. The refund consisted of a pro-rated room and board adjustment and funds for technology to support the transition to online classes. $300 was issued to each cadet as a technology grant, and $1,007.75 was issued to each cadet for pro-rated room and board adjustments. The total issued to each cadet was $1307.75.
Update 8.3.20 – MMI will receive an additional $282,189 to help cover expenses related to the remote and online instructional technology and capabilities, risk mitigation materials and equipment, and other COVID-19 related expenses.