HEERF II (CRRSAA) and HEERF III (ARP) Student Funds Report for Period Ending 6-30-21 Corrected March 9, 2022

HEERF II (CRRSAA) and HEERF III (ARP) Student Funds Report for Period Beginning April 1, 2021 and ending June 30, 2021. Date of Report March 9, 2022. This is a corrected Report.

Emory & Henry College acknowledges that the institution signed and returned to the Department of Education the Certification and Agreements and the assurance that the institution will use the awarded funds designated under CARES (HEERF I), CRRSAA (HEERFII) , and ARP (a)(1) (HEERF III) programs to provide Emergency Financial Aid Grants to Students. These funds provide assistance for student expenses related to attendance and for emergency costs that arise due to coronavirus.

As of May 18, 2021, Emory & Henry College has received $2,972,327.00 from the Department of Education pursuant to the institution’s Certification and Agreement for Emergency Financial Aid Grants to Students under the CARES, CRRSAA, and ARP (a)(1) programs. As of July 27, 2020, all $631,120 received in round I, under the CARES act was distributed. As of May 18, 2021 Emory & Henry college received the remaining $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.

During this quarter (4/1/2021 – 6/30/2021), Emory & Henry College distributed $576,850 in Emergency Financial Aid Grants under CRRSAA (a)(1) ARP (a)(1). No CARES (HEERF I) funds were distributed in this quarter, as all of those funds were distributed in 2020.

During this quarter, 1047 student at Emory & Henry college were eligible to receive Emergency Financial Aid Grants to Students under the CRRSAA (a)(1) and program ARP (a)(1); and 1047 students received emergency financial aid grants.

We distributed funds in two rounds:

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 $43,700 to 17 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 $533,150 and provided 1036 students with cash grants.

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.