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picture1_Letter Pdf 49285 | Cares Act Student Emergency Grant Letter


 195x       Filetype PDF       File size 0.13 MB       Source: www.vaughn.edu


File: Letter Pdf 49285 | Cares Act Student Emergency Grant Letter
dear student i hope this letter finds you and your family healthy as we live through this pandemic over the last two months we have worked diligently to provide support ...

icon picture PDF Filetype PDF | Posted on 19 Aug 2022 | 3 years ago
Partial capture of text on file.
                                                                                            
         Dear Student, 
         I hope this letter finds you and your family healthy as we live through this pandemic.  Over the last two months, 
         we have worked diligently to provide support for students both inside and outside the classroom and hope that 
         the enclosed funding provides you with additional support during this difficult time.  
         The enclosed check is a Student Emergency Assistance Grant provided to Vaughn by the United States 
         Government.  The grants are provided under the Coronavirus Aid, Relief, and Economic Security (CARES) 
         Act  which establishes and funds the Higher Education Emergency Relief Fund (HEERF) and directs 
         institutions of higher education to provide emergency financial aid grants to students for expenses related to the 
         disruption of campus operations due to coronavirus. The CARES Act expressly requires that institutions 
         provide the emergency financial aid grants to students “for 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). Only students who are or could be eligible to 
         participate in programs under Section 484 in Title IV of the Higher Education Act of 1965, as amended (HEA), 
         may receive emergency financial aid grants.  
          
         How Vaughn Calculated Eligibility 
         Vaughn’s goal was to assist the neediest Title IV-eligible students enrolled as of March 13, 2020 with a 
         minimum of at least six credits. To do that, we are using the $1,070,409 given to the institution to distribute to 
         students who the Federal government already deems the neediest. We did that by using those who qualified for 
         a Pell grant and have an Estimated Family Contribution (EFC) of no more than $5,576. Using that criteria, 718 
         students qualified for an emergency grant. The funding will be used as follows: 
                     •   $1,500 for full-time students 
                     •   $1125 three-quarter time students  
                     •   $750 students enrolled with at least six credits 
         Vaughn did not award funds to anyone whose EFC was above the Pell-eligible limit and Federal guidelines did 
         not allow the institution to award funds to anyone who was not Title IV-eligible, or any students enrolled 
         exclusively in distance education courses. 
          
         Further Possible Implications of Receiving Funding 
         These funds are a grant, and not a loan, and will not need to be repaid.  
          
         However, right now, under the CARES Act, the funds you are receiving are taxable and will be treated as 
         income. It is our understanding that this is something that Congress may amend in upcoming legislation. Should 
         that change, we will advise you. 
          
         If you have any questions, please don’t hesitate to contact Beatriz Novoa-Cruz, Associate Vice President of 
         Enrollment at Beatriz.cruz@vaughn.edu or (718) 429.6600 ext.114. 
         Thanks, 
          
                                           
         Sharon DeVivo 
         President  
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