1. The institution signed and returned to the Department the Certification and Agreement [for] Emergency Financial Aid Grants to Students. The institution has used, or intends to use, no less than 50 percent of the funds received under Section 18004(a)(1) of the CARES Act to provide emergency financial aid grants to students.
2. The total amount of funds that the institution will receive or has received from the Department pursuant to the institution’s Certification and Agreement [for] Emergency Financial Aid Grants to Students is $127,584.00.
3. The total amount of emergency financial aid grants distributed to students under Section 18004(a)(1) of the CARES Act as of the date of this Fund Report is $127,584.00.
4. The estimated total number of students at the institution 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, as of the date of this Fund Report is 120.
5. The total number of students who have received an emergency financial aid grant under Section 18004(a)(1) of the CARES Act as of the date of this Fund Report is 120.
6. The methods used by the institution to determine which students receive emergency financial aid grants and how much they would receive under Section 18004(a)(1) of the CARES Act are provided at Attachment A .
7a. Any instructions, directions, or guidance provided by the institution to students concerning the emergency financial aid grants are provided at Attachment B .
ATTACHMENT A: POLICY REGARDING ALLOCATING EMERGENCY FINANCIAL AID GRANT
The U.S. Department of Education has made Emergency Financial Aid Grants available to Best Care College (BCC) students who are in need of financial support for their expenses related to the disruption of campus operations due to Coronavirus. In order to evaluate the number of students affected by COVID 19 and their eligibility to participate in the Emergency Financial Aid Grant, the school first, emailed out an application that informed all students on the availability of this need-based grant.
Based on the review of a sample of completed applications and randomly conversations with students, the school administration determined that BCC student population as a whole has been severely and evenly affected by the Coronavirus due to loss of family income and unavailability of child care. Therefore, the school administration decided to evenly distribute, across all enrolled eligible students the emergency financial aid grant funds under the Higher Education Emergency Relief Fund (“HEERF”). The Emergency Financial Aid Grant to BCC students is equally split among students currently enrolled at Best Care College who applied for the Grant and are verified by the Financial Aid Office as eligible to participate in Title IV program.
The Financial aid office reviewed the student list and determined the eligibility to participate in the Emergency Financial Aid Grant of each student. Students currently in default but in the process of reinstating their eligibility for Title IV are included in the list of eligible applicants for the Emergency grant pending their reinstatement. Based on the list of eligible students the school administration calculated the allocation per participant. Each student received his/her allocation in two different disbursements. The college informed students that the funds awarded may only be used for eligible 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 childcare. The total amount of the Emergency Financial Aid Grants to Best Care College students as well as the number of beneficiaries, and the amount disbursed will be published on the college website as of 6/10/20 . Check Status Here
ATTACHMENT B: INSTRUCTIONS TO STUDENTS
Students are informed that recipients of an Emergency Financial Aid Grant funds are only Title IV eligible students. The school Financial Aid Office through review of completed application for the Emergency Financial Grant emailed to all students and available at the school determines student eligibility. Students are also informed that funds awarded may only be used for eligible 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 childcare. The total amount of the Emergency Financial Aid Grants to Best Care College students as well as the number of beneficiaries will be published on the college website.
| Relief Fund Activity | 5/25/20 | By 6/9/20 | By 7/24/20 |
|---|---|---|---|
| Total Amount Grant | $127,584.00 | - | - |
| Amount Disbursed | - | $78,323.00 | $118,015 |
| Remaining balance | - | $49,261.00 | $9,569 |
| Number of participants | 120 | - | - |
| Individual participant’s Share | $1063.20 | - | - |
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