CARES Act

  • CARES Act: Higher Education Emergency Relief Fund (Student Aid/Institutional/FIPSE)

     

    On April 9, 2020, the U.S. Department of Education announced funds made available through the Higher Education Emergency Relief Fund authorized by the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) would be distributed immediately to colleges and universities to provide direct emergency cash grants to students. Section 18004(e) of the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act” or the “Act”)), Pub. L. No. 116-136, 134 Stat. 281 (March 27, 2020), directs institutions receiving funds under Section 18004 of the Act to submit (in a time and manner required by the Secretary) a report to the Secretary describing the use of funds distributed from the Higher Education Emergency Relief Fund (“HEERF”).

     

    On May 6, 2020, the U.S. Department of Education, Office of Postsecondary Education posted their reporting requirements for HEERF participating institutions. Each HEERF participating institution is responsible for providing this information in report format (the “30-day Fund Report”). In addition, these participating institutions are required to post the information listed below on the institution’s primary website. Accordingly, the following information will be easily accessible to the public and made available 30 days after the date when the institution received its allocation under 18004(a)(1) and updated every 45 days thereafter.

     

    CiTi’s CARES Act: HEERF 30-day Fund Report

     

    • An acknowledgement that the institution signed and returned to the Department the Certification and Agreement and the assurance that the institution has used, or intends to use, no less than 50 percent of the funds received under Section 18004(a)(1) of the CARES Act to provide Emergency Financial Aid Grants to students.
      • CiTi has completed and submitted the Funding Certification Agreement on April 13, 2020. Fifty percent (50%) of funds received are allocated solely for direct student emergency assistance.

     

    • 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.
      • The CARES Act – Higher Education Emergency Relief Fund has allocated CiTi funding in the amount of $125,152, of which 50% is allocated solely for direct student emergency assistance. On April 30, 2020, CiTi has received $62,576.

     

    • The method(s) used by the institution to determine which students receive Emergency Financial Aid Grants and how much they would receive under Section 18004(a)(1) of the CARES Act.
      • CiTi has identified students that have transitioned from in class instruction to distance learning incurred expenses related to the disruption of campus operations due to coronavirus and would receive a set amount of emergency funding as calculated by the institution. Students must also have filed a FAFSA, have a valid ISIR on file and be eligible to participate in programs under Section 484 in Title IV of the Higher Education Act of 1965. Students must meet these conditions for consideration for CARES Act HEERF Funds.

     

    • Any instructions, directions, or guidance provided by the institution to students concerning the Emergency Financial Aid Grants.
      • CiTi will post information and updates regarding CARES Act HEERF funding on www.citiboces.org. Students who are eligible and have received emergency funding will be notified via email with the following information:
        • The Coronavirus Aid, Relief, and Economic Security (CARES) Act was passed by Congress and signed into law on March 27th, 2020.  The CARES Act established and funded the Higher Education Emergency Relief Fund (HEERF) to provide emergency financial aid grants to students for expenses related to the disruption of campus operations due to coronavirus.  Below are two links to websites that provide answers to frequently asked questions about the emergency financial aid grants to students. The HEERF funding is not a financial aid award, it is emergency relief funding from the federal government that does not need to be repaid. 

     

    U.S. Department of Education: https://www2.ed.gov/about/offices/list/ope/studentfaqs515.pdf

    Internal Revenue Service: https://www.irs.gov/newsroom/faqs-higher-education-emergency-relief-fund-and-emergency-financial-aid-grants-under-the-cares-act