Department of Education Required Disclosures for the Receipt and Use of CARES Act Funds

  1. An acknowledgment that the school signed and returned the Certification and Agreement and the assurance that the institution used—or intends to use—at least 50 percent of the Cares Act funds received for emergency grants to students. 
    1.  Sierra College signed the Certification and Agreement on May 4, 2020. We will use 50% of the Cares Act funds received for emergency grants to students as required by the Certification and Agreement. 
  2. The total amount of funds a school received—or will receive—from ED. 
    1. Sierra College will receive $7,595,582.  
  3. The total amount of emergency grants distributed to students as of the posting/submission date.
    1. $2,852,000 as of May 15, 2020
    2. $2,885,000 as of June 2, 2020
    3. $2,904,000 as of July 9, 2020
  4. The estimated number of students eligible to participate in the emergency grant program (the number of Title IV eligible students under Section 484 of the Higher Education Act).
    1. Sierra College has 19,104 FAFSAs on file for 2019-2020
  5. The total number of students who have received emergency grants under the CARES Act.
    1. 5,357 students as of May 15, 2020
    2. 5,417 students as of June 2, 2020
    3. 5,458 students as of July 9, 2020
  6. The method(s) used to determine which students received the emergency grants and how much they received.
    1. Phase 1
      1. Award $400 to students with an EFC below $5577 and enrolled in less than 6 units
      2. Award $600 to students with an EFC below $5577 and enrolled in 6 or more units.
    2. Phase 2
      1. Remaining CARES Funds will be determined by CARES Grant Application submitted by all currently enrolled students.
  7. Any instructions, directions, or guidance provided to students concerning the emergency grants.
    1. For more information, visit CARES Act Grant Application for Sierra College Students
    2. Grant Application

Details

Article ID: 107879
Created
Fri 5/15/20 5:00 PM
Modified
Thu 7/9/20 9:14 AM