Rosemont College’s Report on funds received under Section 18004(a)(1) of the Coronavirus Aid, Relief, and Economic Security (CARES) Act to provide Emergency Financial Aid Grants to students.
Rosemont College is required to provide regular reporting on the use of funds authorized by the CARES Act. Funds received by Rosemont College under the CARES Act were authorized by Congress and signed into law by the President on March 27, 2020. The information noted below is intended to not only meet the reporting requirements of the CARES Act but also provide information to the College community regarding Rosemont’s use of the student grant portion of the Higher Education Emergency Relief Fund (HEERF).
Section 18004(e) of the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act” or the “Act”)), Pub. L. No. 116-136, 134 Stat. 281 (March 27, 2020), directs institutions receiving funds under Section 18004 of the Act to submit (in a time and manner required by the Secretary) a report to the Secretary describing the use of funds distributed from the HEERF.
Section 18004(c) of the CARES Act requires institutions to use no less than 50 percent of the funds received from Section 18004(a)(1) of the CARES Act to provide Emergency Financial Aid Grants to students for expenses related to the disruption of campus operations due to coronavirus (including eligible expenses under a student’s cost of attendance such as food, housing, course materials, technology, health care, and childcare).
Rosemont College was required to sign a Certification and Agreement in order to access funds under this program. This Certification and Agreement requires each institution applying for HEERF funds to comply with Section 18004(e) of the CARES Act. A part of this compliance includes:
“The following information must appear in a format and location that is easily accessible to the public 30 days after the date when the institution received its allocation under 18004(a)(1) and be updated every 45 days thereafter:
1. An acknowledgement that the institution signed and returned to the Department the Certification and Agreement and the assurance that 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.
- Rosemont College signed and submitted the U.S. Department of Education Certification and Agreement for Emergency Financial Aid Grants to Students under the Coronavirus Aid, Relief, and Economic Security (CARES) Act on April 13, 2020. The U.S. DOE provided Rosemont College with an electronically signed Grant Award Notification (GAN) on April 25, 2020.
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.
- Rosemont College will receive $326,571 for Emergency Financial Aid Grants to Students.
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 submission (i.e., as of the 30-day Report and every 45 days thereafter).
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 to students under Section 18004(a)(1) of the CARES Act.
- 215Title IV Eligible Rosemont Students
5. The total number of students who have received an Emergency Financial Aid Grant to students under Section 18004(a)(1) of the CARES Act.
- Grant processing for the 215 eligible students noted above began on 5/19/20.
6. The method(s) 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.
- Rosemont College identified all currently enrolled, full-time, undergraduate students within the university’s financial aid system who met the eligibility guidelines for a Pell Grant. Enrollment statuses and continued federal aid eligibility were confirmed for each student prior to disbursement of emergency funds as outlined in the CARES Act and additional guidance from ED.
- Each student’s Pell grant amount was identified, and total CARES grant funds were distributed on the same basis as total Pell funds per student. Hence, students with highest need received highest grant amount, with amounts per student being lowered for those students with a lower need as measured by their Pell Grant eligibility.
7. Any instructions, directions, or guidance provided by the institution to students concerning the Emergency Financial Aid Grants.