Skip to main content

CARES ACT

 

CARES ACT - Higher Education Emergency Relief Fund (HEERF)

Emergency Financial Aid Grants to Students

In compliance with Section 18004(e) of the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act” or the “Act”), directing institutions receiving funds under Section 18004(e) of the Act to submit a report to the Secretary of the Department of Education.  This required report describes the use of the distributed HEERF funds and must be posted on the institution’s primary website within 30 days of the Certification and Agreement letter and updated every 45 days thereafter.

Piedmont College’s 30-Day Fund Report Posted May 12, 2020:

  1. An acknowledgement that the institution signed and returned to the Department the Certification and Agreement and the assurance that 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.   

Piedmont College’s Certification and Agreement is accessible through the link provided.

  1. 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 Student.  

Piedmont College received $883,161 in funding for distribution to students.

  1. 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 submission (i.e., as of the 30-day Report and every 45 days thereafter).

Through May 11, 2020, Piedmont College has distributed $883,165 to eligible students.

  1. 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 to students under Section 18004(a)(1) of the CARES Act.  

Piedmont College’s estimated number of students is 2,191 (1,131 Undergraduate level and 1,060 Graduate level)

  1. The total number of students who have received an Emergency Financial Aid Grant to students under Section 18004(a)(1) of the CARES Act. 

Through May 11, Piedmont College has distributed funds to 945 students.

  1. The method(s) 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.   

Piedmont College established eligibility parameters based on a student’s financial need determined by their 2019-2020 FAFSA expected family contribution (EFC). Student criteria includes all undergraduate students that completed a 2019-2020 FAFSA who were enrolled on or after March 16, 2020 which had expected family contributions (EFC) under the highest need threshold with the exclusion of:

 

  • Dual Enrolled Students
  • Transient Students
  • International Students
  • Leadership Studies Students   
  • Non-Degree Seeking Students
  • Undergraduate Students with EFCs over the need threshold
  • Graduate Students  
  • Students ineligible for Federal Title IV financial aid

 

The amount of automatic disbursement ranges from $1,000 to $761.25 per student based upon need determined by the U.S. Department of Education.  Any questions regarding eligibility for HEERF funds may be directed to the Financial Aid Office at finaid@piedmont.edu.

  1. Any instructions, directions, or guidance provided by the institution to students concerning the Emergency Financial Aid Grants. 

Piedmont College sent a personalized letter to all recipients of the distribution. A copy of the letter is accessible here.

Submitted May 12, 2020

 

FALL REPORT