CARES ACT Emergency Relief Funds

CRRSAA ACT Emergency Relief Funds

Reports are in order of newest to oldest.

Quarterly Expenditure Report 

Quarter ending 3/31/2021

Posted 4/5/2021

Quarter ending 9/30/2020

Quarter ending 12/31/2020

Posted 1/8/2021

Updated 4/5/2021

Posted 10/27/2020

Updated 4/5/2021

                                       CRRSAA Act Emergency Relief Funds

                        (Coronavirus Response and Relief Supplemental Appropriations Act)

 

            The Academy of Careers and Technology (ACT) acknowledges having been notified that we will receive $87085.

          ACT intends to use 100+% of the funds in the form of emergency financial aid grants to students. As of 2/8/2021 we estimated 168 students are eligible and we have distributed $95545 (which equals 110%) to 168 qualifying students.

          The Academy of Careers and Technology, being a small career and technical center understands that adult students have incurred extra cost due to COVID-19.  We will distribute funds to adult students based on the guidance from:

Frequently Asked Questions.

Coronavirus Response and Relief Supplemental Appropriations Act, 2021.

Published January 14, 2021.

           

            We will distribute funds to all adult students, who are active as of 2/8/2021 or whose original graduation date is/was after August 17/2021, using the following formula: 

 

EFC amount (see attached chart) * by % of # of months in class from August 17,2020 to February 26, 2021 * by % of hours based on full time 30 hours per week = 100% * Variable to award all funds.

           

Base amount per month per EFC

          EFC                  $$

         0 - 1000            200

   1001 - 2000            190

   2001 - 3000            180

   3001 - 4000            170

   4001 - 5000            160

   5001 - 6000            150

   6001 - 8000            135

   8001 - 10000          120

 10001 - 12000          105

 12001 - 15000            95

 15001 - 18000            85

 18001 - 19999            75

 20000 - above            50

       NO EFC                50

Posted on 2/15/2021

Final Report we have distributed more than100% of the student portion.

The Academy of Careers and Technology (ACT) acknowledges having signed and returned the certification and agreement to the US Department of Education. We have been notified that we will received the $174,170

            ACT intends to use at least 50% of the funds in the form of emergency financial aid grants to students. As of 8/20/2020 we estimated 125 students are eligible and we have distributed $103,890 (which equals over 59%) to 125 qualifying students.

            ACT being a small career and technical center understands that adult students have incurred extra cost due to COVID-19.  This cost would be supplies to perform class from home, increased data usage either by phone or landline and many have had their graduation dates extended.  We will distribute funds to adult students based on the guidance from the Secretary of Education letter received on April 9, 2020 which states “The CARES Act provides institutions with the significant discretion on how to award this emergency assistance to students. This means each institution may develop its own system and process for determine how to allocate these funds, which may include distributing the funds to all adult students or…”.

            We will distribute funds to adult students who are attending school as of 8/16/2020 or who graduated between June 17, 2020 and August 16,2020 using the following formula:

 

EFC chart below * % of # of months in class from June 16th-August 16th * Variable to award all funds

           

Base amount used per EFC

          EFC                  $$

         0 - 1000            200

   1001 - 2000            190

   2001 - 3000            180

   3001 - 4000            170

   4001 - 5000            160

   5001 - 6000            150

   6001 - 8000            135

   8001 - 10000          120

 10001 - 12000          105

 12001 - 15000            95

 15001 - 18000            85

 18001 - 19999            75

 20000 - above            50

       NO EFC                50

Students eligibility notifications and checks are mailed to the address on file using USPS.   

Posted on 8/20/2020

Final Report we have distributed more than100% of the student portion.

The Academy of Careers and Technology (ACT) acknowledges having signed and returned the certification and agreement to the US Department of Education. We have been notified that we will received the $174,170

            ACT intends to use at least 50% of the funds in the form of emergency financial aid grants to students. As of 6/25/2020 we estimated 125 students are eligible and we have distributed $87,064 to 125 qualifying students.

            ACT being a small career and technical center understands that adult students have incurred extra cost due to COVID-19.  This cost would be supplies to perform class from home, increased data usage either by phone or landline and many have had their graduation dates extended.  We will distribute funds to adult students based on the guidance from the Secretary of Education letter received on April 9, 2020 which states “The CARES Act provides institutions with the significant discretion on how to award this emergency assistance to students. This means each institution may develop its own system and process for determine how to allocate these funds, which may include distributing the funds to all adult students or…”.

            We will distribute funds to adult students, whose original or actual graduation date is/was after March 31/2020, using the following formula:

 

EFC chart below * % of # of months in class from March-June 15th * Variable to award all funds

           

Base amount used per EFC

          EFC                  $$

         0 - 1000            200

   1001 - 2000            190

   2001 - 3000            180

   3001 - 4000            170

   4001 - 5000            160

   5001 - 6000            150

   6001 - 8000            135

   8001 - 10000          120

 10001 - 12000          105

 12001 - 15000            95

 15001 - 18000            85

 18001 - 19999            75

 20000 - above            50

       NO EFC                50

Students eligibility notifications and checks are mailed to the address on file using USPS.   

Posted on 6/25/2020

Updated on 8/4/2020 No Change