The Coronavirus Aid, Relief, and Economic Security (CARES) Act is a legislation passed by Congress to respond to COVID-19. Included in the legislation is the Higher Education Emergency Relief Fund (HEERF), which allocates funds to institutions based on the number of students with high financial need and the institution’s total student enrollment. Of each institution’s HEERF allocation, 50% must be distributed directly to the students in the form of emergency student financial aid grants to cover expenses related to the disruption of campus operations due to COVID-19. The remaining portion of an institution’s CARES Act funding may be used for certain other expenses relating to the disruption of campus operations due to COVID-19. CARES Act established an approximately $14b Higher Education Emergency Relief Fund (HEERF). FXUA was allocated $785,957 (Between June 2020 to March 2022) If you need more information on Cares Act please go to: https://www2.ed.gov/about/offices/list/ope/caresact.html#ins
HEERF STUDENT FUNDS QUARTERLY REPORTING:
- The total amount of funds that the institution will receive or has received from ED: $ 174,585 (as of 3/31/2022)
- The total amount of HEERF grants distributed to students: $101,000 (as of 3/31/2022)
- The estimated total number of students at the institution that is eligible to receive HEERF grants: 0 students from Summer I 2022 term (as of 3/31/2022)
- The total number of students who have received a HEERF grant: 15 students from previous terms (as of 3/31/2022)
- The method(s) used by the institution to determine which students receive HEERF grants and how much they would receive: We distributed the grants to the eligible students evenly. (as of 3/31/2022)
- Any instructions, directions, or guidance provided by the institution to students concerning the HEERF grants: Please see the guidance with the following link. (as of 3/31/2022)
HEERF INSTITUTIONAL FUNDS QUARTERLY REPORTING:
- Please see HEERF Quarterly Budget and Expenditure Report with the following link. (as of 3/31/2022)
Click here to read more about Distribution of Funds to Eligible Students.