Academy Di Capelli (ADC) has additional emergency relief grants available for distribution to currently enrolled, active students, which were allocated to proprietary schools in 2021. The total allocated amount is $163,762. Per Department of Education (DOE) guidelines, students receiving Pell grants are prioritized. ADC has over 68% of current students that are Pell recipients. The Institutional Student Information Record (ISIR) used tax return data from the years 2018-2019. Because of this, current pandemic financials are not being actively shown on the most recent ISIR as of this date. ADC intends to distribute these funds equally to all active students (inclusive of students on a Leave of Absence (LOA) as of the application date on March 21, 2021 and any currently active students. Please note that this does not include students who have had their contract terminated. These funds are intended to help with academically related expenses such as food, housing, course materials, technology, healthcare, childcare and cost of attendance elements. The total number of students eligible for an award is 158; each student will be eligible to receive an allotment of $1137.23. ADC will meet individually with each eligible student to determine the method of payment of the funds. Students can choose to have the entire amount in a check, part check and part applied towards their school balance, or all of the funds applied toward their school balance. ADC will have students sign a form acknowledging how they would like their allotment. Once this is determined, the payments will be processed.
Student Emergency Financial Aid Grant
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.
Grant Eligibility Criteria:
* 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.
Students Eligible for Grant:
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.
Grant Amount Determination:
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. UPDATE: All 127 of students eligible to receive a CARES Act Grant were provided with a grant.
Grant Distribution:
Once students are determined eligible, grants will be distributed to all students via check upon each student signing the acknowledgment of receipt form. UPDATE: All grants have been disbursed.
Heerf Quarterly Reporting – 9/30/20
Heerf Quarterly Reporting – 12/31/20
Heerf Quarterly Reporting – 3/31/21
Heerf Quarterly Reporting – 6/30/21
What is CARES/HEERF and where did the funding for emergency grants come from?
The Coronavirus Aid, Relief, and Economic Security (“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 was 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. IIC’s allocation was determined by the U.S. Department of Education. The entire $115,482 was disbursed to ADC students.
Who is eligible for HEERF Emergency 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 federal relief funds?
Per the U.S. Department of Education, only students covered 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 the relief funds.
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 during check pickup.
Do I have to fill out a FAFSA to receive the emergency grant?
Yes, however most ADC students already receive financial aid so we already have a FAFSA on file. For all other students, completing a FAFSA is the only way we can tell if you are eligible for Financial aid, which is one of the requirements put in by the Department of Education.
I am currently on a Leave of Absence (LOA) due to COVID-19, am I eligible?
The short answer is yes. All students who have requested a LOA after 03/16/2020, and/or who directly requested the LOA due to COVID-19 will be eligible.
Will I receive the emergency 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 who qualify.
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 IIC 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.
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.
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