The American Rescue Plan Act of Higher Education Emergency Relief Fund (HEERF) provides funding to institutions for emergency financial aid grants to students whose lives have been disrupted by the coronavirus pandemic. Below is Labouré College of Healthcare’s 6th 30-Day report and final report, pertaining to the ARP Funding awards.
With regard to the CARES Act Section 18004(a) (1), Labouré College of Healthcare acknowledges and assures that:
- A signed Certification and Agreement was returned to the Department of Education on April 29, 2020 with the intention of using 50% of the funds received to provide Emergency Financial Aid Grants to students.
- The total amount of funds that Labouré is scheduled to receive for the benefit of students is $1,158,602.00. The College committed to awarding $1,374,763.00 in emergency financial aid grants to students. Of the $1,374,763.00, $216,161.00 will be funded by the institutional portion that the College received.
- $1,519,100.00 in Emergency Financial Aid Grants have been provided to students as of December 31, 2021.
- The estimated number of students 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 under Section 18004(a)(1) of the CARES Act is 1,641.
- As of December 31, 2021, 1,641 students have received funding.
- Strategic members of Labouré College of Healthcare staff developed the methods used to determine which students will receive the emergency funding, as well as how much they receive. 1,641 students were awarded $1,000.00 or $750 each.
- Labouré College of Healthcare will post instructions and guidance for students regarding ARP Act funding on its website. Eligible students will be emailed an application/certification form to request funding.