Higher Education Emergency Relief Fund | College of Biblical Studies
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Higher Education Emergency Relief Fund

Higher Education Emergency Relief Fund (HEERF) Reporting Emergency Financial Aid Grants to Students

 

CARES ACT

 

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 Higher Education Emergency Relief Fund (“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 child care). 

On April 9, 2020, the Department published documents related to the Emergency Financial Aid Grants, including a letter from Secretary Betsy DeVos, a form Certification and Agreement for signing and returning by institutions to access the funds, and a list of institutional allocations under 18004(a)(1).

Acknowledgement:

College of Biblical Studies signed and returned the Funding Certification and Agreement for Emergency Financial Aid Grants to Students on May 5, 2020. The institution has used, or intends to use, the funds to provide the mandated amount of at least 50 percent of the Higher Education Emergency Relief Fund (HEERF) grants to students.

Totals

The following list is in reference to the amount of Emergency Financial Aid Grant funding received, scheduled, and distributed to College of Biblical Studies and its students:

Total Amount of Funding

$101,878: The total amount of funds that CBS has received under the HEERF student portion.

Total Amount of Emergency Financial Aid Grants Distributed to Students 

$103,795: The total amount that has been distributed to CBS students as of 07/27/2020.

Total Number of Students at CBS Eligible to Receive Emergency Financial Aid Grants

369: The estimated total number of students at CBS eligible to participate in programs under Section 484 in Title IV of the Higher Education Act of 1965, as amended (HEA), and therefore eligible to receive an emergency grant as of June 1, 2020.

Total Number of Students who have Received an Emergency Financial Aid Grant

69: The total number of students who have received an emergency grant as of 07/27/2020. 

Method(s) used by CBS to Determine who Receives Emergency Financial Aid Grants

The College of Biblical Studies is following the U.S. Department of Education’s guidance on administering the CARES HEERF grants as required by the law. Section 18004(c) of the CARES Act requires institutions to use 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 child care).  

Only students who are or could be eligible to participate in programs under Section 484 in Title IV of the Higher Education Act of 1965, as amended (HEA), may receive emergency financial aid grants as outlined in the U.S. Department of Education guidance on April 21, 2020. 

To be eligible under Section 484 in Title IV of the HEA you must be enrolled and currently attending. We take our role in administering the CARES HEERF program seriously. We have administered the program based on the regulatory language and guidance provided. 

Each student completed an application and submit supporting documentation. Each application was reviewed by a committee consisting of representatives from the offices of Provost, Registrar, Admission, and Finance. A collective determination was made if the students request met the qualifications. Approved applications were posted to all committee members to review, then payment requests were processed through usual payment approval processes before disbursement. The average grant was $1,500. The actual grant depended on the students request type, supporting documentation, and availability of funds. 

Additional Information Regarding Emergency Financial Aid Grants

The College of Biblical Studies provides information to students on the HEERF Grant program. The information is found on the COVID-19 Updates page on the website.

This webpage provides detailed information on the eligibility requirements and how to apply. 

Ongoing Operations of the College of Biblical Studies

In spite of the disruptions and difficulties resulting from COVID-19 and related incidents, the College of Biblical Studies is maintaining full financial operations including employment, vendor, and student financial activities.