HEERF II (CRRSAA) and HEERF III (ARP) Student Funds Report for Period Ending 6-30-21

HEERF II and III Student Funds Quarterly Report for Period Ending June 30, 2021

Emory & Henry College acknowledges that the institution signed and returned to the Department of Education the Certification and Agreement and the assurance that the institution will use the awarded funds designated under the CRRSAA and ARP (a)(1) programs to provide Emergency Financial Aid Grants to Students.

Emory & Henry College has received $2,341,207 from the Department of Education pursuant to the institution’s Certification and Agreement for Emergency Financial Aid Grants to Students under the CRRSAA and ARP (a)(1) and (a)(4) programs.

As of June 30, 2021, Emory & Henry College has distributed $565,900 (of $631,120 received) in Emergency Financial Aid Grants under CRRSAA (a)(1) program. Plans are under development to distribute $1,710,087 that E&H received under ARP (a)(1).

As of June 18, 2021, 1047 student at Emory & Henry college were eligible to receive Emergency Financial Aid Grants to Students under the CRRSAA (a)(1)program.

As of June 30, 2021 1047 students have received an Emergency Financial Aid Grant to students under the CRRSAA (a)(1) program.

As of June 30, 2021 we used to the following methods to determine which students receives Emergency Financial Aid Grants and how much they would receive under the CRRSAA (a) 1 and ARP (a)(1) and (a)(4) programs:

Round 1: Application by Invitation. Disruption of college education because lack of funds has both short and long-term negative financial consequences for college students Consistent with our appeal process for students who have difficulty paying for the cost of attendance, we awarded funds to students who had exhausted all available financial aid package resources to pay for the cost of attendance. While this did not cover an individual’s total balance, it provided some assistance to those who were having the greatest difficulty. In May 2021, we invited students who were enrolled in at least 3 credit hours in Spring 2021 or Fall 2020, who had a FASFA on file, and who had substantial outstanding balances, to apply. In this round, we distributed $26,150 to 19 students.

Round 2: Automatic Distribution of funds. In June 2021, undergraduate and graduate students enrolled Spring 2021 who had a FASFA on file with E&H, received an automatic distribution, based on Estimated Family Contribution using the following four bands (1 being the highest need and 4 being the lowest need).

Band 1 (Estimated Family Income of $0-$5630): $650

Band 2 (Estimated Family Income of $5,631-$15,000): $450

Band 3 (Estimated Family Income of $15,001-$30,000): $300

Band 4 (Estimated Family Income of $30,001 and greater) $200

In Round 2, we distributed $539,750 and provided 1047 students with cash grants.

Round 3 is underway, and funds will be distributed in July 2021.

 

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

Students may choose to:

Apply these funds to any unpaid balances

(For those with current zero balances) Receive a credit on their account for future balances

Receive a paper or e-check

For rounds 1 and 3, we will ask you to indicate your preference on the application. For round two, we will contact you by email prior to the award, asking for your preference.

We understand that all students have suffered losses because of the pandemic. We know these funds cannot possibly make up for all that you have lost, but do hope that it will provide some assistance for both support to continue your education and any emergency needs that you have experienced.