Higher Education Emergency Relief Fund – Updated Reporting Requirements
Please note, this blog is current to the date of its publication, Wednesday, May 13. For additional updates or assistance navigating these uncertain times, please contact us or visit our SST COVID-19 resource page.
The U.S. Department of Education (ED) recently published an update to their previous letter addressing the Higher Education Emergency Relief Fund (HEERF). The notice, posted on May 6, most importantly outlines the information institutions are required to make public via the institution’s primary website in order to meet the reporting requirements.
SST has listed these requirements below, and they are also available on the Federal Student Aid website.
The following information must appear in a format and location that is easily accessible to the public within 30 days of the date that the institution received its allocation under 18004(a)(1) and must be updated every 45 days thereafter:
- An acknowledgement that the institution signed and returned to the ED the Certification and Agreement and the assurance that the institution has used, or intends to use, no less than 50% of the funds received under Section 18004(a)(1) of the CARES Act to provide Emergency Financial Aid Grants to students.
- The total amount of funds that the institution will receive or has received from the ED pursuant to the institution’s Certification and Agreement [for] Emergency Financial Aid Grants to students.
- The total amount of Emergency Financial Aid Grants distributed as of the date of submission (i.e., as of the initial 30-day report and every 45 days thereafter).
- 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.
- The total number of students who have received an Emergency Financial Aid Grant to students.
- The method(s) used by the institution to determine which students receive Emergency Financial Aid Grants and how much they would receive.
- Any instructions, directions or guidance provided by the institution to students concerning the Emergency Financial Aid Grants.
SST is committed to equipping our clients with the most up-to-date information concerning COVID-19. We’re closely monitoring developments and encourage you to contact us with any questions or explore our COVID-19 resource page for additional information.
Thanks to SST Partner Eileen Keller for providing the content for this blog post.