Student populations determined as not eligible for Emergency Grant Funds as defined by the U. S. Department of Education:
Based on the eligibility requirements above, the college initially identified 1,339 students who met eligibility requirements to receive Emergency Grant Funds. The college disbursed funds to those students determined to be eligible. There were 535 students enrolled in the spring who had unmet eligibility requirements to receive Emergency Grant funds. Funds were awarded by the Financial Aid Department and disbursed to student accounts. Each student account showed a credit balance. Since CARES Act funds cannot be used to cover tuition and fees, the award generated a refund. The Business Office disbursed the credit balance to BankMobile for release to the student.
The college subsequently determined that there were approximately 130 students enrolled in the spring term who may be eligible with the completion of the 2019-2020 FAFSA.
The College disbursed funds to two cohorts: Cohort 1 from the Spring term and Cohort 2 from the Summer term.
Pursuant to Section 18004(c) of the CARES Act (“Institutional Aid Portion”), the USDOE allocated $1,057,016.00 to the college. This award is separate from the funding made available for Emergency Financial Aid Grants to Students described above and the Strengthening Institutions Program portion described in the next section below.
The college has signed and returned to the USDOE the Certification and Agreement and the assurance that the College intends to use the award for any costs associated with significant changes to the college’s delivery of instruction due to the COVID-19 pandemic. Such costs do not include payment to contractors for the provision of pre-enrollment recruitment activities, including marketing and advertising; endowments; or capital outlays associated with facilities related to athletics, sectarian instruction, or religious worship.
Pursuant to the CARES Act, the college retains discretion in determining how to allocate and use the award provided, as long as the funds are spent only on those costs for which the college has a reasoned basis for concluding such costs have a clear nexus to significant changes to the delivery of instruction due to the coronavirus. Allowable costs include the college’s Institutional Costs first incurred on or after March 13, 2020 (the date of the Proclamation of National Emergency (Federal Register Vol. 85, No. 53 at 15337-38)), such as reimbursing itself for costs related to refunds made to students for housing, food, or other services that the college could no longer provide; for hardware, software, or internet connectivity that the college may have purchased on behalf of students or provided to students; the college’s technology costs associated with a transition to distance education; the college’s costs to build its IT capacity to support such programs; or to train faculty and staff to operate effectively in a remote teaching and learning environment.
Consistent with Section 18006 of the CARES Act and to the greatest extent practicable, the college will pay all of its full-time employees and contractors during the period of any disruptions or closures related to the coronavirus. The following expenditures are disallowed: senior administrator and/or executive salaries, benefits, bonuses, contracts, incentives; stock buybacks, shareholder dividends, capital distributions, and stock options; and any other cash or other benefit for a senior administrator or executive.
The college will comply with all reporting requirements (including those in Section 1501 l(b)(2) of Division B of the CARES Act) and submit required quarterly reports to the USDOE, at such time and in such manner and containing such information as the USDOE may reasonably require.
The expanded use of funds authority under the CRRSAA (Coronavirus Response and Relief Supplemental Appropriations Act, 2021) also applies to unexpended CARES Act funds. For its Institutional Portion CARES Act grants (CFDA 84.425F), the college is able to use its remaining funds in the same way they are allowed to use their supplemental Institutional Portion funds under the CRRSAA. The college has this expanded flexibility to use unliquidated (unspent) funds effective March 19, 2021.
The college has completed disbursement of 100% ($1,057,016.00) of the Institutional Portion under Section 18004(c) of the CARE Act.
Pursuant to Section 18004(a)(2) of the CARES Act (“Strengthening Institutions Program” (SIP)), the USDOE initially allocated $102,541.00 to the college as a designated eligible institution in FY 2020 under the titles III and V grant programs under the Higher Education Act. The USDOE subsequently allocated an additional $1,194.00, thus increasing the total award to $103,735. This award is separate from the funding made available for Emergency Financial Aid Grants to Students and the Institutional Aid described above.
The college has signed and returned to the USDOE the Certification and Agreement and the assurance that the College intends to use the award to defray expenses incurred by the college on or after March 13, 2020 (the date of the Proclamation of National Emergency), including lost revenue, reimbursement for expenses already incurred, technology costs associated with a transition to distance education, faculty and staff trainings, and payroll.
Consistent with Section 18006 of the CARES Act and to the greatest extent practicable, the college will pay all of its employees and contractors during the period of any disruptions or closures related to the coronavirus. The following expenditures are disallowed: senior administrator and/or executive salaries, benefits, bonuses, contracts, incentives; stock buybacks, shareholder dividends, capital distributions, and stock options; and any other cash or other benefit for a senior administrator or executive.
The college will comply with all reporting requirements (including those in Section 15011(b)(2) of Division B of the CARES Act) and submit required quarterly reports to the Secretary, at such time and in such manner and containing such information as the Secretary may reasonably require.
The college has completed disbursement of 100% ($103,735) of the SIP Portion under Section 18004(a)(2) of the CARE Act.