CARES Act Funding

CARES Act Higher Education Emergency Relief Fund (HEERF) Reporting:

Emergency Financial Aid Grants to Students

 

The Coronavirus Aid, Relief, and Economic Security (CARES) Act was passed by Congress and signed by the President on March 27th, 2020. Under the Act, approximately $14 billion was given to the Office of Postsecondary Education as the Higher Education Emergency Relief Fund (HEERF).

This webpage serves to meet the public disclosure and reporting requirements under Section 18004(e) of the CARES Act regarding HEERF support which Presidio Graduate School received. The following information will be updated no later than 10 days after the end of each calendar quarter (October 10, January 10, April 10, July 10) unless further guidance is provided for reporting.

Higher Education Emergency Relief Fund Student Portion – 18004(a)(1)

  1. Presidio Graduate School (PGS) acknowledges that it signed and filed with the U.S. Department of Education (ED) the Recipient’s Funding Certification and Agreement Emergency Financial Aid Grants to Students under the Coronavirus Aid, Relief, and Economic Security (CARES) Act on July 28, 2020, via grants.gov. PGS assures that the institution 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, under the name of CARES Act Student Emergency Aid Grant at PGS.
  2. On September 24, 2020, PGS received from ED the total amount of funds of $19,204 pursuant to the Certification and Agreement for Emergency Financial Aid Grants to Students.
  3. As of September 23, 2020, PGS has notified students of the award and plans to start distribution in October 2020. No students have received funding as of September 23, 2020.
  4. The total number of students at the institution eligible to participate in the 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 46.
  5. PGS will use the following method to determine eligibility:
    • Must have a 2019-2020 FAFSA on file
    • Must be/have been pursuing a Title IV eligible degree program in the spring 2020 term
    • Must be/have been enrolled in a PGS degree program as of 3/13/2020
    • Must have been meeting Satisfactory Academic Progress for spring 2020 term, either passing or by appeal
    • Must not have Pell Grant overpayments or federal loan defaults
    • Must have re-submission of statement of educational purpose and student’s SSN verified, if required
    • Must have additional expenses related to the disruptions of campus operations due to coronavirus
      • All students were provided the eligibility criteria and asked to apply for the funding by filling out a form with a one-question CARES Act Student Emergency Aid Grant Application where they are required to certify that they have/had an emergency need due to the disruption of campus operations due to coronavirus

PGS has provided the following instructions, directions, or guidance provided by the institution to students concerning the Emergency Financial Aid Grants:

Dear ______________,

We are pleased to inform you that Presidio Graduate School has launched the CARES Emergency Aid Grant. The Grant will award funds from the federal government for students who have been impacted by COVID-19. This program may qualify you for a modest emergency grant this fall.

Specifically, we are writing to you because you meet the first two criteria for the grant: you were enrolled in Spring 2020 and Fall 2021 at PGS, and you have a FAFSA on file. The final criterion is whether you are in need of an emergency grant to cover expenses related to the disruption of PGS on-campus operations due to coronavirus. If you are in need of this grant (likely $400-$500), please submit this form by October 1st, 2020. The grant will be evenly distributed between the students who apply. Checks will be mailed by October 31st, 2020.

We’ve answered some potential FAQs below. We are so pleased to be able to offer these emergency grants to our students.

Sincerely,

Liz Maw

FAQ

What are some examples of emergency expenses related to the disruption of campus?

The Emergency Financial Aid Grants are for expenses that are defined by the Federal government as 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 child care).

Will this grant affect my financial aid or scholarship funding?

No, this grant will not have an effect on any financial aid or scholarship funding you might receive.

Will PGS be auditing or otherwise checking my financial emergency need?

No, this grant is on an honor system and we will be awarding the grant to any student who certifies they are in need of the emergency funding.

What happens to the funding I would have received if I don’t apply for the grant?

PGS has received a total amount of money—a little over $19,000—that we will be disbursing to students. We will divide the funds evenly by the number of students who certify their need. Thus, if you do not require the funding, other students who do apply will receive a slightly higher disbursement.

Presidio Graduate School (PGS) acknowledges that it signed and filed with the U.S. Department of Education (ED) the Recipient’s Funding Certification and Agreement Emergency Financial Aid Grants to Students under the Coronavirus Aid, Relief, and Economic Security (CARES) Act on July 28, 2020, via grants.gov. PGS assures that the institution 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, under the name of CARES Act Student Emergency Aid Grant at PGS.

On September 24, 2020, PGS received from ED the total amount of funds of $19,204 pursuant to the Certification and Agreement for Emergency Financial Aid Grants to Students.

The total number of students at the institution eligible to participate in the 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 46.

As of October 2, 2020, the total number of students who have received an Emergency Financial Aid Grant to students under Section 18004(a)(1) of the CARES Act is 18.

PGS sent $1,066.89 grant awards to students who were identified as eligible. Funds were sent disbursed to students via check on October 16, 2020.

CARES Act Emergency Grants are to help cover students’ unexpected expenses resulting from the campus disruption such as food, housing, technology needs, course material, childcare expenses, medical expenses and other expenses. CARES Grant FAQs can be found at https://www2.ed.gov/about/offices/list/ope/studentfaqs515.pdf.

All students were provided the eligibility criteria and asked to apply for the funding by filling out a form with a one-question CARES Act Student Emergency Aid Grant Application where they are required to certify that they have/had an emergency need due to the disruption of campus operations due to coronavirus. PGS used the following method to determine eligibility:

  • Must have a 2019-2020 FAFSA on file
  • Must be/have been pursuing a Title IV eligible degree program in the spring 2020 term
  • Must be/have been enrolled in a PGS degree program as of 3/13/2020
  • Must have been meeting Satisfactory Academic Progress for spring 2020 term, either passing or by appeal
  • Must not have Pell Grant overpayments or federal loan defaults
  • Must have re-submission of statement of educational purpose and student’s SSN verified, if required
  • Must have additional expenses related to the disruptions of campus operations due to coronavirus

Higher Education Emergency Relief Fund Institution Portion – 18004(a)(1) and Fund for the Improvement of Postsecondary Education – 18004(a)(3)

Presidio Graduate School (PGS) acknowledges that it signed and filed with the U.S. Department of Education (ED) the Recipient’s Funding Certification and Agreement Emergency Financial Aid Grants to Students under the Coronavirus Aid, Relief, and Economic Security (CARES) Act on July 28, 2020, via grants.gov.

PGS was allocated a total of $38,408 under Section 18004(a)(1). Pursuant to the Certification and Agreement for Emergency Financial Aid Grants to Students, at least 50% ($19,204) will be distributed directly to eligible students impacted by campus disruptions due to the coronavirus. The Certification and Agreement for the Institutional Portion states that the remaining $19,204 may be used to cover institutional costs associated with COVID-19.

PGS was allocated a total of $461,592 under Section 18004(a)(3). This funding is designated for public and private nonprofit institutions of higher education that are eligible under Part B of Title VII of the Higher Education Act of 1965 and received less than $500,000 total from the HEERF (a)(1) and (a)(2) programs.

As of September 30, 2020, PGS has drawn down $15,716.50 from the 18004(a)(1) Institutional Portion funds and $27,726.00 from the 18004(a)(3) funds.

As of October 2, 2020, the total number of students who have received an Emergency Financial Aid Grant to students under Section 18004(a)(1) of the CARES Act is 18. PGS sent $1,066.89 grant awards to each student who was identified as eligible. Funds were disbursed to students via check on October 16, 2020.

Quarterly Budget and Expenditure Reporting Form (PDF)