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CARESACT

Higher Education Emergency Relief Fund Reporting for Emergency Financial Aid Grants to Students

In accordance with the reporting guidelines established by the Department of Education’s Office of Postsecondary Education, with respect to Section 18004 of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) and the Higher Education Emergency Relief Fund (HEERF) Emergency Financial Aid Grants to Students, William Edge Institute submits the following information (updated 9/5/20):

  1. William Edge Institute acknowledges it has signed and returned to the Department the Certification and Agreement and assures it has used, or intends to use, no less than 50% of the funds received under Section 18004(a)(1) of the CARES Act to provide Emergency Financial Aid grants to students.
  2. William Edge Institute received $44,088.00 for OPEID # 00849800
  3. William Edge Institute has made available and distributed a total amount of $33,066.10 to students in 3 disbursements.  The first on June 2, 2020, the second on July 1, 2020 and the third on September 1, 2020.
  4. There were 27 students eligible to participate in programs under Section 484 in Title IV of the Higher Education Act of 1965 and thus are eligible to receive Emergency Financial Aid Grants to students under Section 18004 (a)(1) of the CARES Act.
  5. The total number of students who have received an Emergency Financial Aid Grant to students under Section 18004 (a)(1) of the CARES Act is 27.
  6. The methodology used by our institution to determine which students received the Emergency Financial Aid Grants was for any student meeting the criteria set forth by the department of education and currently enrolled prior to starting Temporary Distance Learning (April 1, 2020) and not a graduate or drop on the date checks were issued.  The funds were then distributed based on curriculum.  For the first disbursement on June 2, 2020 Cosmetology students received 429.42 and Manicure student received $286.28. For the second disbursement on July 1, 2020 Cosmetology students received $635.89 and Manicure students received $423.93.  For the third distribution on Spetember1, 2020 Cosmetology students received $1002.02.
  7. William Edge Institute met with its students to give guidance and direction on how to take part in the Cares Act Grant and Higher Education emergency Relief Fund. Instruction, direction or guidance provided by the institution to students concerning the emergency financial aid grants are outlined below.  Should students have additional questions they should contact the Director.
      1. William Edge Institute has determined that all currently enrolled students have experienced disruption and additional costs due to the COVID-19 pandemic. Federal law restricts the distribution of these funds to students who are eligible to participate in Federal Student Aid Programs, therefore all students who didn’t currently have a FASFA in their file were given the opportunity to complete one for their record. It also requires that students not be on a leave of absence as of March 13, 2020—the date that the President declared a national emergency. To qualify to receive a grant, students must:
        1. be currently enrolled in a Title IV eligible educational program at William Edge Institute.
        2. be participating in or have a current FASFA on file showing eligibility;
        3.  not have been on a leave of absence from their program as of the date that the President issued the federal disaster proclamation on March 13, 2020;
        4. not have graduated or dropped from the program at the time of distribution of funds and
        5. sign a verification under penalty of perjury that she/he meets these eligibility criteria and will use the funds for their intended purpose.
      2. According to the U.S. Department of Education, CARES Act Grants are to be used for expenses related to the disruption of campus operations due to coronavirus, such as food, housing, course materials, technology, health care or childcare. Students must sign an acknowledgement that they will use the funds for their intended purpose.
      3. Funds will be distributed by check and students will be required to sign a CARES Act Emergency Fund Award document acknowledging receipt of funds and that you understand that the funds are to be used for their intended purpose. You must also certify that you are either participating in Federal Student Aid programs or you must certify under penalty of perjury that you are eligible to do so. Please note that a false certification of eligibility is a federal crime.
      4. This one-time grant is funded by the CARES Act and does not have to be repaid. These funds are to be used to help with increased expenses related to the disruption of campus operations due to COVID-19, such as food, housing, course materials, technology, health care or childcare.

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