E.D.P. School, Inc.
CRRSAA ACT REPORTING ON EMERGENCY FINANCIAL AID GRANTS TO STUDENTS
On December 27, 2020, the President signed the Coronavirus Response and Relief Supplemental Appropriations Act, 2021 (CRRSAA) (P.L. 116-260).
This new law gives the U.S. Department of Education (Department) approximately $22.7 billion to distribute to institutions of higher education in order to prevent, prepare for, and respond to coronavirus through the HEERF.
This law has some similarities—as well as important differences—from the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) (P.L. 116–136) that was enacted on March 27, 2020.
These FAQs provide an overview of those similarities and differences; describe the flexibilities for institutions that received grants under section 18004(a)(1) of the CARES Act (“Student Aid Portion” and “Institutional Portion,” CFDAs 84.425E and 84.425F, respectively); and describe the differences between the funds allocated under that section and those under section 314(a)(1) of the CRRSAA.
The grant programs authorized under section 18004(a)(1) of the CARES Act and under section 314(a)(1) of the CRRSAA are referred to below as the “(a)(1) programs” and their funds as “(a)(1) funds.”
The following information is reported for the period (4/1/2021-6/30/21).
I. This statement shall serve to acknowledge that our institution signed and returned to the US Department of Education the Certification and Agreement – Emergency Financial Aid Grants to Students. We further attest that our institution has used, and/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.
II. The total amount of funds that the institution has received from the Department pursuant to the institution’s Certification and Agreement [for] Emergency Financial Aid Grants to Student is $544,618.00.
III. The total amount of Emergency Financial Aid Grants distributed to students under Section 18004(a)(1) of the CARES Act as of June 30, 2021, is $0.00.
IV. The estimated total number of students at our 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 to students under Section 18004(a)(1) of the CARES Act is 150.
V. The total number of students who have received an Emergency Financial Aid Grant to students under Section 18004(a)(1) of the CARES Act to date is 0.
VI. The following is the method used by our institution to determine which students receive Emergency Financial Aid Grants and how much each student has received/will receive under Section 18004(a)(1) of the CARES Act.
Students will have to fill out forms provided by E.D.P. School and show a proof of the following:
• Loss of employment due to COVID 19 outbreak
• Incurred out of pocket medical expenses to COVID 19 outbreak
• Inability to work because they needed to provide child care due to school closing
• Need to provide help to family affected by the pandemic (financial and physical help)
• Unsuccessful job search due to COVID 19 outbreak
VII. The follow instructions/directions/guidance will be provided by our institution to students concerning the Emergency Financial Aid Grants.
• Applications will be available at E.D.P.’s main office. Applications can also be emailed to students upon request. Information about the process will also be shared verbally at school meetings.
• In addition, EDP will post a copy of this policy in all classrooms and hallway to inform students of its existence. Part of the grant application will include a student acknowledgment that they have read and understand the policies and procedures.
• Grants will be disbursed to students via check.
• A separate bank account from the school’s general account will be established for these funds so that each transaction from the account may be transparently tracked and accounted for. All bank account records will be made available to any auditor or other representative of the Department of Education.
• The funds will be disbursed in one lump sum payment, not in multiple disbursements, in effort to get money out to students as soon as possible.