Financial Reports

Annual financials

Email or call Financial Services at 480-965-3601 for more information about annual comprehensive financial reports.

EADA reports

Department reporting tools

Visit the ASU Analytics portal to find Advantage web, Financial aid, Management information, MyReports and other reports.

Supplementary information

HEERF reporting

With ASU receiving Higher Education Emergency Relief Funding (HEERF), how does it intend to distribute those resources?

Oct. 7, 2022, update

The quarterly reporting structure has been updated to include all information in one report.

The Sept. 30, 2022, Quarterly Budget and Expenditure Reporting for all HEERF I, II and III grant funds available. The report includes the expenses incurred by the university to support student success and continuity of university operations during the pandemic that are being reimbursed from the student, institutional and minority-serving institutions portion of HEERF. All HEERF grant funds are exhausted. This is the final quarterly report.

July 11, 2022, update

The quarterly reporting structure has been updated to include all information in one report.

The June 30, 2022 Quarterly Budget and Expenditure Reporting for all HEERF I, II and III grant funds is available. The report includes the expenses incurred by the university to support student success and continuity of university operations during the pandemic that are being reimbursed from the student, institutional and minority-serving institutions portion of HEERF.

April 8, 2022, update

Report updated on Sept. 26, 2022.

As we near the conclusion of the spring 2022 semester, we have $837 remaining of our HEERF II and HEERF III allocation of federal funds for direct student support totaling $134,047,305.

At ASU, student success is our first and highest priority, and our plan for the use of these funds allowed us to maintain our commitment to support ASU students with continued enrollment in summer 2021 and the 2021-2022 academic year.

In summer 2021, 6,856 students received funds totaling $10,161,891.39.

In the 2021-2022 academic year, 38,891 undergraduate students and 2,114 graduate students received funds totaling $123,884,576.61 with an average award of $3,297.

The remaining funds will continue to be awarded and disbursed in line with the plan previously outlined for approximately 78,000 students who may be eligible for assistance.

The April 8, 2022, Quarterly Budget and Expenditure HEERF Report is available. This quarter’s report does not include expenses.

Jan. 10, 2022, update

Report updated on Sept. 26, 2022.

As we begin our spring 2022 semester, ASU students are receiving funds as outlined in our plan, ensuring continuity of enrollment for our students, which includes automatic awards, when possible.

At this time, approximately 27,000 students enrolled have received funds and commitments, totaling $112.8 million, for academic year 2021-2022, with award amounts ranging from $500 to $6,000.

Additionally, 6,856 students received funds specifically for assistance in our summer 2021 sessions, totaling $10,161,891.39.

The remaining funds will continue to be awarded and disbursed in line with the plan previously outlined for approximately 78,000 students who may be eligible for assistance.

The Jan. 10, 2022, Quarterly Budget and Expenditure HEERF Report is available. The report includes a portion of expenses incurred by the university to support continuity of operations during the pandemic and that are being reimbursed from the institutional portion and minority-serving institutions portion of HEERF.

Oct. 8, 2021, update

Report updated on Sept. 26, 2022.

ASU students are receiving funds as outlined in our plan, ensuring continuity of enrollment for our students.

At this time, approximately 26,145 students enrolled have received funds and commitments, totaling $111.5 million, for academic year 2021-2022.

Additionally, 6,856 students received funds specifically for assistance in our summer 2021 sessions, totaling $10,161,891.39.

The remaining funds will continue to be awarded and disbursed in line with the plan previously outlined for approximately 78,000 students who may be eligible for assistance.

The September 30, 2021, Quarterly Budget and Expenditure HEERF Report is available. The report includes a portion of expenses incurred by the university to support continuity of operations during the pandemic and that are being reimbursed from the institutional portion and minority-serving institutions portion of HEERF.

July 9, 2021, update

Report updated on Sept. 26, 2022.

ASU received about $305 million through the additional awarding cycles of the Higher Education Emergency Relief Fund (HEERF) under the Coronavirus Response and Relief Supplemental Appropriations Act and the American Rescue Plan to help offset the staggering financial impact of the pandemic.

The university’s priority will be helping students to stay on the path toward their college degree.

ASU signed and returned the Certification and Agreement forms to the U.S. Department of Education. The federal government stipulates that a minimum of $134 million be awarded for emergency financial aid grants to students. These funds will be used to directly support ASU students with financial need pursuing degrees through our campus-based and digital immersion programs. This will include:

$10 million to support more than 8,000 students in Summer 2021.
$48 million will help approximately 10,000 undergraduate and graduate students who do not currently receive institutional aid from ASU to support them in the 2021-2022 academic year.
$71 million will help maintain our commitment levels to more than 15,000 students from our families who demonstrate the highest level of need. These include Arizona students in the College Attainment Grant program and the President Barack Obama Scholars program that help remove family resources as a barrier to higher education. Without these funds, our commitment level would likely have to decrease due to the ongoing financial ramifications of COVID-19.
$5 million will be used for students and families whose financial circumstances have changed as a result of COVID-19, including funds to support basic unmet needs. We anticipate this will serve approximately 3,000 students.

Overall, we estimate approximately 78,000 students who may be eligible for assistance, and that this plan will help around 36,000 students including those on our campuses with the greatest financial need.

The June 30, 2021, Quarterly Budget and Expenditure HEERF Report is available. The report includes a portion of expenses incurred by the university to support continuity of operations during the pandemic and that are being reimbursed from the institutional portion and minority-serving institutions portion of HEERF.

April 8, 2021, update

Report updated on Sept. 26, 2022.

As we near the conclusion of the spring 2021 semester, we conclude our reporting on the initial allocation of federal funds for direct student support totaling $31,766,569. More than 38,000 undergraduate and graduate immersion (on-campus) students met the eligibility requirements. At ASU, student success is our first and highest priority, and our plan for the use of these funds allowed us to maintain our commitment to support ASU students with continued enrollment in summer 2020 and the 2020-2021 academic year.

In summer 2020, 1,970 students received funds totaling $2,443,133 with an average award of $1,240.

In the 2020-2021 academic year, 12,857 undergraduate students and 834 graduate students received funds totaling $29,323,436 with an average award of $2,142.

The March 31, 2021, Quarterly Budget and Expenditure CARES Act Report is available. The report includes a portion of expenses incurred by the university to support continuity of operations for our immersion students during the pandemic and that are being reimbursed from the institutional portion and minority-serving institutions portion of CARES Act funds.

Jan. 8, 2021, update

Report updated on Sept. 26, 2022.

As we begin our spring 2021 semester, ASU students are receiving funds as outlined in our plan, ensuring continuity of enrollment for our students.

At this time, approximately 12,400 students enrolled have received funds and commitments, totaling $28.2 million, for academic year 2020-2021.

Additionally, 2,077 students received funds specifically for assistance in our summer 2020 sessions, totaling $2,461,784.77.

The remaining funds will continue to be awarded and disbursed in line with the plan previously outlined for the more than 38,000 eligible immersion (on-campus) students.

The Dec. 31, 2020, Quarterly Budget and Expenditure CARES Act Report is available. The report includes a portion of expenses incurred by the university to support continuity of operations for our immersion students during the pandemic and that are being reimbursed from the institutional portion and minority-serving institutions portion of CARES Act funds.

Dec. 30, 2020, university statement

Arizona State University’s efforts to respond to the impact of COVID-19 on the university community and on the public at large have been supported by both the state of Arizona and through CARES Act funding provided to the state.

The university is very grateful for Gov. Doug Ducey’s decision to allocate $46 million through the CARES Act to reimburse a portion of ASU’s COVID-related costs. Among these costs are expenditures for public health and safety employees, isolation and quarantine management, student COVID-19 testing, and IT enhancements and the transition to ASU Sync, the university’s technology-enabled flexible learning modality. These costs are consistent with guidance from the U.S. Department of Treasury regarding the use of CARES Act assistance, and the funds helped the university continue to provide a learning and teaching environment that enabled students to continue their studies and stay on track toward graduation.

Oct. 30, 2020, update

The Sept. 30, 2020, Quarterly Budget and Expenditure CARES Act Report is available. The report includes a portion of expenses incurred by the university to support continuity of operations for our immersion students during the pandemic and that are being reimbursed from the institutional portion and minority-serving institutions portion of CARES Act funds.

Oct. 9, 2020, update

Report updated on Sept. 26, 2022.

As the fall 2020 semester continues, ASU students are receiving funds as outlined in our plan, ensuring continuity of enrollment for our students.

At this time, approximately 12,400 students enrolled in fall 2020 have received funds and commitments, totaling $22.1 million, for academic year 2020-2021.

Additionally, 2,077 students received funds specifically for assistance in our summer 2020 sessions, totaling $2,461,784.77.

The remaining funds will continue to be awarded and disbursed in line with the plan previously outlined for the more than 38,000 eligible immersion (on-campus) students.

Aug. 20, 2020, update

Report updated on Sept. 26, 2022.

As the fall 2020 semester starts, ASU students are receiving funds as outlined in our plan, ensuring continuity of enrollment for our students.

At this time, more than 12,000 students enrolled in fall 2020 have received funds and commitments, totaling $22 million, for academic year 2020-2021.

Additionally, 2,077 students received funds specifically for assistance in our summer 2020 sessions, totaling $2,461,784.77.

The remaining funds will continue to be awarded and disbursed in line with the plan previously outlined for the more than 38,000 eligible immersion (on-campus) students.

July 10, 2020, update

Report updated on Sept. 26, 2022.

The CARES Act

At Arizona State University, student success is our first and highest priority. We understand that the stress and uncertainty of this global public health emergency complicates the already challenging endeavor of pursuing a college education. We are committed to helping our students continue their successful educational journey toward graduation.

The COVID-19 pandemic poses stresses on many levels, but the value of a college degree remains one of the best ways to ensure a lifetime of achievement, satisfaction and financial security. At ASU, we believe it is our duty and our responsibility to continue to provide high-quality education to every qualified student who is willing to work for it. To that point, during the spring 2020 semester ASU distributed approximately $566 million in total financial aid, helping 63,000 students.

For weeks we have been carefully planning how best to allocate resources from the CARES Act, funds provided by Congress to support universities and help campus-based students manage through the added stresses of the global health crisis as they continue their education.

ASU received $63.5 million in CARES Act funds, and the university has one year to disburse the money to help students. At least$31.7 million of the funds must be used for direct student support; the balance will help offset the significant costs incurred to modify and continue services to students impacted by the pandemic. Following are the details of our plans to disburse the $31.7 million in direct student support.

From now through spring 2021, we will utilize the $31.7 million in the following ways to help more than 38,000 immersion (on-campus) students who meet eligibility requirements based on financial need remain on the path toward graduation:

$14.4 million will be used to help continuing students who do not currently receive institutional aid from ASU. We expect that these funds will help about 4,000 undergraduate students and about 500 graduate students.
$8.9 million will help maintain our commitment levels to about 4,500 students from low-income families who demonstrate the highest level of need. These include Arizona students in the College Attainment Grant program and the President Barack Obama Scholars program, which help remove family resources as a barrier to higher education. Without these funds, our commitment level would likely have to decrease because of the financial ramifications of COVID-19.
$2.5 million will be used to help about 1,000 new students with demonstrated financial need whose ability to enroll might otherwise be disrupted by the pandemic.
$2.4 million in need-based aid will help about 2,000 students who took classes this summer to get ahead, or catch up, in their studies.
$3.5 million will be used for aid for students and families whose financial circumstances have changed, meaning they now may be eligible for aid, or may now be eligible for additional aid. About $1 million of this money will be set aside for students who come forward with basic unmet needs. We expect that these initiatives will serve about 2,000 additional students.

In most cases, no application will be necessary. These will be automatic awards, with funds awarded directly to students and their student accounts. Overall, we estimate that this plan will help around 14,000 students including those eligible for Pell Grants and other need-based aid. The awards likely will range from about $500 to about $6,000.

While the CARES Act provides welcome resources, there are many additional ways ASU may be able to assist students. Changes in economic circumstances might mean a student is now eligible for federal financial aid, or now might be eligible for additional federal financial aid, and we are having these conversations with students every day. If personal circumstances have created a different economic environment, we encourage students to visit the special site set up by ASU’s Financial Aid and Scholarship Services for additional guidance.

We also know that students may be dealing with other experiences and expenses as they navigate the way through this global crisis. It might be the need for a laptop or a Wi-Fi hot spot to help with studies. If so, students can check out a laptop or hot spot at the ASU Library. It might be basic unmet needs like food and nutrition. If so, students can also direct those requests to our financial aid office.

The university addressed every issue brought forward for the spring semester with university resources. We know that students have been tested this year in ways that no one could have expected, and we realize that financial stress is a big part of the pressure. We understand the difficulties that students experience, and our commitment to helping students get the assistance they need is a central part of our mission.

(Aug. 10 update) The other portion of the CARES Act funds will benefit virtually all immersion students. The university has incurred significant expenses to keep the university operational and to continue to serve students during the pandemic, which is our No. 1 priority. We will be using those funds to support continuity of operations in areas such as:

Funding COVID-19 testing, research and contact tracing.
Enhancements and upgrades to technology and equipment in classrooms to support the ASU Sync learning environment.
PPE for students and employees.
Staffing and supplies needed for increased campus cleanings.

June 6, 2020, update

The university is now finalizing its CARES Act plan. Once its plan is finalized, the intent is to distribute the CARES Act funds in August, with some distributions continuing in spring 2021.

June 4, 2020, update

Arizona State University applauds the commitment of the federal government to come to the financial aid of students and families, businesses and public institutions across America through congressional enactment of the Coronavirus Aid, Relief and Economic Security Act. The university is particularly appreciative of the relief the CARES Act provides to institutions of higher learning, including approximately $63.5 million that will be allocated for ASU.

ASU has a large student population with varying needs. When ASU has finalized the mechanism for the distribution of the funds, the university will report back to the U.S. Department of Education, the CARES Act funds will be released to ASU by the federal government, and the CARES Act funds in turn will be distributed to students.

In the meantime, ASU is continuing to work with all students who have expressed concern about their financial circumstances. In the coming weeks, ASU will consider uses of the remaining funds, particularly in the context of promoting student continuity during COVID-19 and into the next academic year.

Separate from the CARES Act, ASU has distributed nearly $1 million in emergency grants to students from more than 20 different areas of the university who needed immediate help.

About 1,400 students received the emergency grants, which ranged from $100 to $2,400; the average award amount was about $700.

The emergency grants were provided to students to cover expenses related to their education, including housing/rent, meals, flights home and medical expenses. In most cases, students filled out a form or provided information regarding their individual circumstances so their cases could be reviewed.

Numerous ASU departments worked to facilitate the emergency grants. Students may have worked directly with their colleges, through the Dean of Students or through Financial Aid and Scholarship Services.

The university also has helped students in many other ways during the pandemic including:

Loaning more than 2,000 laptops and hundreds of Wi-Fi hot spots to continue instruction uninterrupted.
Providing essential services during the pandemic including telehealth for medical and counseling needs.
Continuing employment through the spring semester for student workers.
Expanding opportunities for internships throughout the summer.

May 22, 2020, update

Arizona State University applauds the commitment of the federal government to come to the financial aid of students and families, businesses and public institutions across America through Congressional enactment of the Coronavirus Aid, Relief and Economic Security Act. The university is particularly appreciative of the relief the CARES Act provides to institutions of higher learning, including approximately $63.5 million that will be allocated for ASU.

ASU signed and returned the Certification and Agreement forms to the U. S. Department of Education. The federal government stipulates that a minimum of $31.7 million be awarded for emergency financial aid grants to students. Our goal with that funding will be to support students first and foremost in continuing their academic studies. ASU has a large student population with varying needs. When ASU has finalized the mechanism for the distribution of the funds, the university will report back to the U.S. Department of Education, the CARES Act funds will be released to ASU by the federal government, and the CARES Act funds in turn will be distributed to students. In the meantime, ASU is continuing to work with all students who have expressed concern about their financial circumstances. In the coming weeks, ASU will consider uses of the remaining funds, particularly in the context of promoting student continuity during COVID-19 and into the next academic year.