CARES ACT REPORTING ON EMERGENCY FINANCIAL AID

GRANTS TO STUDENTS

C


On March 27, 2020, the Federal government enacted the Coronavirus Aid, Relief and Economic Security Act (CARES Act), Pub L. No. 116-136, providing funds to institutions from the Higher Education Emergency Relief Fund (HEERF) to make Emergency Financial Aid Grants to Students for expenses related to the disruption of campus operations due to coronavirus, including eligible expenses under s student’s cost of attendance, such as food, course materials, technology, health care, and child care. The law requires institutions to report certain information related to the use of these funds.  The following information is reported for the period, October -December, 2021.

I.    This statement shall serve as an acknowledgement that our institution signed and returned to the Department the Certification and Agreement and the assurance that the institution has used the applicable amount of funds designated under the CRRSAA and ARP (a)(1) and (a)(4) programs to provide Emergency Financial Aid Grants to Students.

II. The total amount of funds that the institution will receive or has received from the Department pursuant to the institution's Certification and Agreement for Emergency Financial Aid Grants to Students under the CRRSAA and ARP (a)(1) and (a)(4) programs is $897,146.00.

III. The total amount of Emergency Financial Aid Grants distributed to students under the CRRSAA and ARP (a) (1) and (a) (4) programs as of as of December 31, 2021 is $632,070.00. 

IV. The estimated total number of students at the institution that are eligible to receive Emergency Financial Aid Grants to Students under the CRRSAA and ARP (a)(1) and (a)(4) programs is 180.

V.   The total number of students who have received an Emergency Financial Aid Grant to students under the CRRSAA and ARP (a)(1) and (a)(4) programs to date is 484.

VI. The method(s) used by the institution to determine which students receive Emergency Financial Aid Grants and how much they would receive under the CRRSAA and ARP (a)(1) and (a)(4) programs.
      

PROVIDE DESCRIPTION: The CARES Act that was enacted as a result of the Covid19 pandemic provided institutions of higher learning the ability to apply for Grant Funds. The criteria for eligibility was a FAFSA application for the 2021-2022 academic year and be enrolled at the onset of the pandemic. 

The follow instructions/directions/guidance was/will be provided by our institution to students concerning the Emergency Financial Aid Grants. 

***heerf-quarterly-reporting-v131 HERF 2020** 

On December 27, 2020, the Coronavirus Response and Relief Supplemental Appropriations (CRRSA) Act was signed into law. This new legislation is a welcome extension of the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

The CRRSAA provides a second round of Higher Education Emergency Relief Funds (HEERF II) financial aid grants for schools to distribute to their students which may be used for any component of the student’s cost of attendance or for emergency costs that arise due to coronavirus, such as tuition, food, housing, health care (including mental health care) or child care.

Under this legislation, VEEB has been awarded $520,076 to distribute to eligible students.

Distribution of Grants
 
According to this legislation, grants must be prioritized for students with exceptional need. Students must be U.S. citizens or eligible non-citizens. Undocumented, DACA, and international students are not deemed eligible by current federal guidance.

VEEB utilized the following process to distribute the grants:

1.    The Student must be enrolled in the Practical Nursing Program on the date of disbursement.

2.    The Student must be in good standing.

For questions or further guidance contact Laura Moran at lmoran@veeb.org

HEERF QUARTERLY