CARES Act
CARES ACT
What is the CARES Act?
The CARES Act (www.ed.gov) is federal legislation which provides a variety of financial support to individuals and businesses affected by the COVID-19 pandemic. The CARES Act established and funded the Higher Education Emergency Relief Fund (HEERF) to provide emergency financial aid grants. One part of this federal program allocates money to the accrediting institution, and a portion of that allocation can be awarded to students who are experiencing expenses due to the Coronavirus.
Who is eligible for a Federal CARES Act Emergency Grant?
Per the U.S. Department of Education (www.ed.gov), school allocations are set by formulas prescribed in the CARES act that is weighted significantly by the number of full-time students who are PELL-eligible, but also takes into consideration the total population of the school and the number of students who are not enrolled full-time before the Coronavirus outbreak.
The Healthcare Training Institute will consider students who meet basic eligibility criteria for federal financial aid and who have the greatest financial need to be considered for these funds. Students can go directly to the following website to find additional information: https://www2.ed.gov/about/offices/list/ope/caresact.html
Students who are eligible for CARES Act awards are:
·Enrolled in a part-time or full-time program as of March 13, 2020
How do I apply for the Federal Emergency Aid Grant?
Students will be given Information about applying for these funds by Friday, May 15, 2020. Students are to complete the application and gather any additional information and when funds are made available, eligible students will be notified.
What constitutes eligibility expenses to qualify for emergency funding?
This could apply to a variety of financial costs directly tied to the effects of an emergency situation that is causing/ has caused a financial strain on the students of the Healthcare Training Institute. This could include money spent for unanticipated travel, replacement of medications, emergency childcare due to extended school closures, additional technology requirements, etc.
What kind of expenses are allowable?
Funds can be used for food, housing, course material, technology, healthcare, tuition, fees, or childcare.
Do I have to repay a Federal Emergency Aid Grant?
Typically, you would not have to repay the amount awarded. The Federal Emergency Grant Funds are designed to be a grant, not a loan.
Where are the funds coming from? Is there some sort of Disaster Relief Fund?
The Healthcare Training Institute applied and has been awarded and is awaiting receipt of the funds from the Federal Coronavirus Aid, Relief, and Economic Securities Act, or CARES ACT, which provides emergency grants for eligible college students impacted by the Coronavirus outbreak.
How will the Healthcare Training Institute disburse the money?
Any student meeting the eligibility requirements listed above and have submitted an application will receive a CARES Act award. The funds will be disbursed to students in the form of a check, upon determination of eligibility. Through the CARES Act, HTI received $95,601 in student-aid funding for distribution to address student needs associated with the disruption to campus operations from the COVID-19 pandemic. All students enrolled in the Spring 2020 will receive aid based on demonstrated financial need.
How will students receive funds?
Students will receive funds by check. They will come into the school to sign for and received their check.