… CARES … CARES … CARES Distribution CARES Distribution The Higher Education Emergency Relief Fund authorized by the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), signed into law on March 27, 2020 and funds were distributed to institutions of higher … due to the coronavirus, such as food, housing, course materials, technology, health care, and childcare expenses. B. Disbursement – Funds are disbursed through Bank Mobile. Students may set up accounts with Bank Mobile, or opt to receive …