Higher Education Emergency Relief Fund Reporting
CARES Act Higher Education Emergency Relief Fund (July 3, 2020)
Texas Chiropractic College has applied to receive the CARES Act Higher Education Emergency Relief Fund-IHE/Student Aid. This federal stimulus bill provides funding to institutions to provide emergency financial aid grants to students whose lives have been disrupted and are facing financial challenges due to the impact of the coronavirus pandemic. Schools are required to spend at least half of their total allocation on emergency grants to students and other costs related to students. The total initial allocation for Texas Chiropractic College is $77,399. We have chosen to distribute the entirety to all students that meet the eligibility criteria in the form of grants to better support any financial challenges related to covid-19. Eligible students will receive a grant for approximately $300.00 when we receive the funds. We expect to receive the funds from the federal government some time next week, at which point we will begin processing the distributions for students. There will not be an application for you to complete. The distribution will be automatic for eligible students once we receive the funds. Emergency financial aid grants to students can be used 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 child-care). Furthermore, the emergency financial aid grant received from Texas Chiropractic College does not have to be repaid since it is a grant and the funds do not have to be included in your gross income.
Higher Education Emergency Relief Fund Reporting (HEERF)
Texas Chiropractic College signed and submitted the Certificate and Agreement for the Emergency Financial Aid Grants to Students under the HEERF I - Coronavirus Aid, Relief, and Economic Security (CARES) Act on April 13, 2020 which included assurances to use at least 50% of the total CARES Act allocation for student emergency funds. Texas Chiropractic College has received notification of a supplemental HEERF III award through the American Rescue Plan Act, but as a recipient of HEERF I - CARES Act funding, was not required to submit a certification agreement for the HEERF III award. Texas Chiropractic College intends to use the applicable amount of funds designated under the ARP program to provide Emergency Financial Aid Grants to Students.