The Federal Coronavirus Aid, Relief, and Economic Security (“CARES”) Act has provided institutions of higher education across the country with emergency cash grant funding for students who have been adversely impacted by COVID-19 and related academic disruptions. Following guidelines from the US Department of Education, Academy Di Capelli (ADC), will disburse these cash grants to ADC students who apply for the funds and are deemed eligible.
ADC has signed and returned to the U.S. Department of Education, the Certification and Agreement in connection for the funds provided under Section 18004(e) of the CARES Act. ADC has usedno less than 50 percent of the funds received under Section 18004(a)(1) of the CARES Act to provide cash grants to our students.
Grant Eligibility Criteria:
• Students must have been enrolled between March 16, 2020 to June 23, 2020.
• Recipients must be eligible for Title IV aid with a 2019-2020 or 2020-2021 FAFSA on file*
• Financially impacted due to disruption of academic operations caused by COVID-19
• Any student who took a LOA specifically due to COVID-19 education interruptions ARE eligible.
* Students who do not already have FAFSAs on file must first complete the form online at www.FAFSA.gov and submit all required documents to be eligible for Title IV aid before being considered as an emergency grant recipient.
Use of Student Grant: Per the US Department of Education, the funding is intended to help students with academically related expenses such as food, housing, course materials, technology, healthcare, and childcare.
What is the CARES Act and where did the funding for student grants come from?
The CARES Act was passed by Congress and signed into law on March 27, 2020. One aspect of the Act was the creation of the Higher Education Emergency Relief Fund (HEERF). HEERF provides funds to institutions for emergency financial aid grants to students whose lives have been disrupted by the COVID-19 pandemic.
How much HEERF funding did ADC receive?
ADC has been allocated $115,482 to provide emergency grants to students for expenses related to the disruption of campus operations due to the COVID-19 pandemic. Funds are intended to help with academically related expenses such as food, housing, course materials, technology, healthcare, and childcare. ADC’s allocation was determined by the U.S. Department of Education. The entire $115,482 will be disbursed to ADC students.
Who is eligible for the student grants?
There are three general eligibility criteria for these funds: 1) students must be currently enrolled in school (students on LOA due to COVID-19 are eligible as long as the LOA didn’t start prior to March 16, 2020); 2) students must be eligible to receive federal financial aid; and 3) students must be in the cosmetology, barbering or esthetics program.
How do I know if I am eligible for a student grant?
Per the U.S. Department of Education, only students who are deemed eligible under Federal Title IV are eligible for federal relief funds. Students would need to have completed a 19-20 or 20-21 Free Application for Federal Student Aid (FAFSA). If you currently do not receive financial aid to attend ADC, you must complete a FAFSA to see if you are eligible for a student grant.
How do I apply for a student grant?
If you have already submitted a FAFSA, you do not need to do anything further. Submission of a FAFSA will need to be completed no later than June 15, 2020.
How will I receive my funds if eligible?
Money will be issued via a check to students. A form will be signed by the student acknowledging receipt of the funds when you are given your check.
Do I have to fill out a FAFSA to receive the student grant?
Yes, however most ADC students already receive financial aid so we already have a FAFSA on file. For cash pay students, completing a FAFSA is the only way we can tell if you are eligible for financial aid.
Will I receive the student grant even if I owe the school money?
Yes. If you are eligible for these emergency grants, you will receive the money even if you have a current balance.
Are these grants taxable?
Please visit the IRS webpage here for more information: https://www.irs.gov/newsroom/faqs-higher-education-emergency-relief-fund-and-emergency-financial-aid-grants-under-the-cares-act
Do I have to pay this money back?
No, these funds are specifically labeled as grants by the Department of Education and was part of the CARES act passed by Congress.
How much emergency grant money will I receive?
Grant amounts will vary based on the total number of students that are eligible. All Cosmetology students that apply and are eligible will receive the same amounts. Barbering students will receive a prorated amount of 76% of the Cosmetology allotment as the cost of tuition is 76% of the tuition for Cosmetology students. Esthetics students will receive a prorated amount of 47% of the Cosmetology allotment as the total cost of tuition is 47% of Cosmetology tuition.
The amount of HEERF funding that institutions received varied based on the Department of Education’s allocation formula. That means the amount of the emergency grants at ADC will not be the same as at other colleges or universities. Each university had to develop its own strategy for disbursing the funds to eligible students enrolled at their campus.
When will I receive my emergency grant?
We expect disbursements to begin the week of July 20th.
How can I use the money?
The grant should be used for academically related expenses incurred due to COVID-19. Some examples include expenses related to food, housing, course materials, technology, healthcare, and childcare.
Who do I contact if I have questions?
For basic questions about your eligibility for a student grant, you can email:email@example.com