Higher Education Emergency Relief Fund

Higher Education Emergency Relief Fund Report –

Emergency Financial Aid Grants to Students

6/15/20

College of Hair Design (OPE ID: 020797) received education stabilization funds under Section 18004(a)(1) of the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”), Public Law No: 116-136. This Fund Report applies to the student portion received under the Higher Education Emergency Relief Fund that is designated exclusively for emergency financial aid grants to students.

The institution appreciates that Congress and the President have made these critical funds available for eligible students who have expenses related to the disruption of campus operations due to the coronavirus pandemic. We take receipt of these federal funds seriously and are distributing them in accordance with the CARES Act and implementing guidance.

The institution is making the below information available for transparency purposes and in compliance with the U.S. Department of Education’s (“Department”) Electronic Announcement of May 6, 2020.[1] For questions or concerns regarding this Fund Report, please contact Lisa Finch, Director of Financial Aid at lisa@collegeofhairdesign.com.

  1. The institution signed and returned to the Department the Certification and Agreement [for] Emergency Financial Aid Grants to Students. 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.
  2. 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 is $124,768.
  3. The total amount of emergency financial aid grants distributed to students under Section 18004(a)(1) of the CARES Act as of the date of this Fund Report is $120,900.
  4. The estimated total number of students at the institution eligible to participate in programs under Section 484 in Title IV of the Higher Education Act of 1965, and thus eligible to receive emergency financial aid grants under Section 18004(a)(1) of the CARES Act, as of the date of this Fund Report is 106.
  5. The total number of students who have received an emergency financial aid grant under Section 18004(a)(1) of the CARES Act as of the date of this Fund Report is
  6. The methods 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 are provided at Attachment A.
  7. Any instructions, directions, or guidance provided by the institution to students concerning the emergency financial aid grants are provided at Attachment B.

 

Attachment A

 

Policy for Distributing HEERF Grant money to Students

Received on May 18, 2020

 

The College of Hair Design has been allocated $124,768 from the HEERF Grant which is part of the CARES Act developed to give relief to students during the Covid-19 Pandemic.  Within 30 days of receipt of these funds, at least 90% will be immediately distributed, by check, to all qualifying students.  The remainder of the funds will be distributed on a case by case basis.  All funds will be distributed within one year of College of Hair Design receiving the funding.

 

All funds will be given directly to the qualifying students and cannot be automatically applied to a student’s account to pay off outstanding balances.  The students will sign an “acknowledgement of receipt” for the money, which includes an agreement to use the funds for the intended purpose.  They are to use the funds to help with costs resulting from a disruption of life and school operations due to the Covid-19 Pandemic. (e.g., food, housing, course materials, technology, health care, child care, etc.)

 

To qualify, students must meet the following criteria:

 

  1. Be eligible for federal financial aid. (Have a FAFSA with an efc #, any verification resolved, and any c codes resolved)
  2. Be a citizen or eligible non-citizen (have a valid social security number and a U.S. birth certificate, green card, permanent resident card, or naturalization of citizenship)
  3. Be currently enrolled and attending classes ( not on a Leave of Absence)
  4. Making satisfactory academic progress (cannot be financial aid ineligible because of SAP)
  5. Cannot be in default on any previous student loans or exceed the financial aid lifetime eligibility limits

 

Reports will be completed and posted on our website within 30 days of receipt of the funds and every 45 days thereafter.  These reports will include the following information:

 

  1. An acknowledgement of signing an agreement to use all of the above funds to provide emergency financial aid to students.
  2. The total amount of funds College of Hair Design has available, or will receive to distribute to students
  3. The total amount of funds distributed after 30 days and every 45 days thereafter.
  4. The estimated number of students eligible to receive the funds based on the above criteria.
  5. The total number of students who receive the grant funds.
  6. The methods used by College of Hair Design to determine student’s eligibility to receive the grant funds.
  7. Any instructions, directions, or guidance provided by College of Hair Design to the students.

The school will also keep a detailed spreadsheet with records of all grand funds.  This spreadsheet will include the recipient’s name, the date received, the amount disbursed, the form of the disbursement, how the amount was calculated, and any instructions or directions given to students in regards to the funds.

 

 

Attachment B

 

Acknowledgement of receipt of Federal Emergency Grant Funds

 

I, ______________________________ hereby acknowledge receipt of a check in the amount of

 

$_________ disbursed to me on _________________.  This money has been disbursed from the student

emergency relief portion of the HEERF Fund included in the CARES Act.  College of Hair Design has

applied for these funds as a result of the impact of the COVID-19 Pandemic.  These funds are intended

to be used for needs resulting from the disruption of normal life and campus operations due to the

Covid-19 Coronavirus Pandemic. (Intended use: e.g., food, housing, course materials, technology, health

care, child care, etc.). By signing  this acknowledgement I agree to use these funds solely for the purpose

intended.

 

 

__________________________________                _______________________________

Student Signature

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