What Are the Reporting Requirements for the Heerf Ii Funds

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Please indicate that the final quarterly posting is the final report covering all remaining expenses of the HEERF Fund for funds under the student portion of Section 18004(a)(1). Upon publication of this report, it is no longer necessary to report to the public quarterly on the funds of the student portion under section 18004(a)(1). As of 16/04/2021, 2,334 scholarships of $1,200, $600 or $300 have been offered, depending on the student`s FAFSA EFC; At that time, 2,167 scholarships had been applied for and distributed. All funds have been used as of 16.04.2021. ED Answer 1: Quarterly reports are intended to consolidate an institution`s expenditures into a single report on the different areas of HEERF grant funds (HEERF I, II and III), unless an institution`s reports explicitly designate a quarterly report as being linked only to a specific group of HEERF funds (e.B. , the publication of a separate quarterly report for the ARP funds). However, each report should differ in the sense that each report covers such expenditure within the specific quarterly time limit. NASFAA does not yet know whether the QBER or annual reporting requirements listed in the table above would meet the reporting requirements under section 15011 or whether the quarterly reporting under section 15011 would meet the QBER. As we receive further guidance from ED, we will update this AskRegs Q&A and publish it in Today`s News. Q: Do I have to call my HEERF II funds before a certain deadline? This new reporting requirement is also not related to or replaces the quarterly reporting requirements under section 15011 of the CARES Act listed below. See the May 6, 2020 electronic announcement and the May 31, 2020 Federal Register.

August 2020, especially if you are looking for information on the evolution of these reporting obligations since May 6, 2020. A: Colleges may use unspent HEERF II and CARES funds to support certain students who are not eligible under Title IV. These include students who are non-degree applicants, non-credit, dual enrolment and continuing education. The ministry is exploring other opportunities – also with other organizations – for colleges to support other at-risk students (i.B undocumented, DACA and international students) during the national coronavirus pandemic emergency. As always, students have the discretion to receive their scholarships, and schools must obtain student approval before using an emergency grant to meet unpaid bills. NASFAA Question 1: Can quarterly reports be aggregated across multiple HEERF funds? In other words, can a quarterly report containing the cumulative funds OF HEERF I, II and III be published in the same report? Deadlines for student party declaration: After several changes to the deadline, the original report was to be published on the institution`s website informing the institution that funds were available 30 days after receiving the Grant Award Notice (GAN). In the Federal Register on August 31, 2020, ED updated the frequency of reporting after the first 30-day report. Subsequent reports must be published on the institutions` websites no later than 10 days after the end of each calendar quarter (30 September, 31 December, 31 March, 30 June) until the heerf I student funds are fully used. What should I do when I have exhausted all my HEERF funding? Quarterly Reports: ED confirms that institutions will be required to publish the Quarterly Institution Public Reporting Form (updated May 11, 2021) and the Quarterly Student Public Report Form (updated May 13, 2021) for the HEERF II and HEERF III funds on their websites no later than the tenth day after the end of each calendar quarter. as was the case with the HEERF I funds (see above). The following information is provided to meet the reporting requirements of the Ministry of Education`s ACT in THERAA.

CARES Act Section 15011 Reporting (currently in effect but does not apply to most schools)Section 15011 of Division B of the CARES Act requires a beneficiary receiving more than $150,000 to report to ED on a quarterly basis. These careS Act quarterly reporting requirements are described in detail in the electronic notice dated July 10, 2020. According to the ED, the quarterly reporting requirements under section 15011 would be met by the school`s compliance with the Federal Funding Accountability and Transparency Act (FFATA) of 2006. FFATA reports are intended for recipients of federal grants who receive grants from these federal grants, which is not the case for the majority of CARES institutional grant recipients. In discussions with ED, the Ministry acknowledged the widespread confusion about reporting requirements and confirmed that institutional cares act recipients would rarely have undervalued recipients and, as a result, most institutions would not be subject to ffata for funding under the CARES Act. Grants are awarded to applicants who demonstrate the greatest need. The need is determined by the expected family contribution, which is calculated by FAFSA`s federal needs analysis, unless the student has not completed a FAFSA. Additional information is requested by students who have not completed a FAFSA (e.g. B proof of federal benefits such as unemployment, snap, etc.). HEERF II/III funds are to be used for unforeseen expenses related to the COVID-19 pandemic, as well as for all aspects of participation costs.

Until August 12, 2021, all ACHS funds have been allocated and no further updates will be provided. According to the guidelines that NASFAA has received from the ED, this partial student reporting can be done on a cumulative basis, which means that this information can be included in a single report updated quarterly to show only cumulative information and not to display information for each term separately. If there is no change, simply update the date and leave the information the same. Any other questions? You must do your best to enforce these guidelines and the Federal Register of May 13, 2021. Any other questions regarding the notification should be directed to the contact person in the Federal Register and/or to [email protected]. Subsequent quarterly reports must be published no later than 10 days after the end of each calendar quarter, i.e. January 10, April 10, July 10 and October 10. Subsequent reports may only contain data for the quarter reported; It cannot be cumulative that covers multiple quarters in a single report. Each quarterly report must be kept separately on the institution`s website. Quarterly QBER submission would be required by September 30, 2022.

However, institutions will no longer need to report quarterly once they have exhausted all their funds, ED said. In such a case, the institution would only have to publish its final expenditure report. The total number of students who provided an emergency student financial assistance grant under paragraph 314(1)(a) of the ACT was 2,334 and 2,160 scholarships were distributed. All funds have been used as of 16.04.2021. NASFAA Question 2: For heerf funds, is the quarterly student report cumulative and is the quarterly report on institutions not cumulative? Brandeis University used the Free Application for Federal Student Aid (FAFSA) as a HEERF II grant application. Any student currently enrolled in a program of study in the spring 2021 semester (for online programs only, students must be enrolled full-time), with a FAFSA filed for 2019-2020 or 2020-2021 confirming their U.S. citizen or permanent resident status, was eligible for a HEERF II grant. At the application deadline 09.04.2021, 2,334 students met the scholarship criteria. Students with a FAFSA CFE of $10,000 or less are eligible for a $1,200 grant, students with a CFE between $10,001 and $25,000 are eligible for a $600 grant, and students with a CFE of more than $25,000 are eligible for a $300 grant. As of 4/16/2021, the entire allocation of $1,599,233 has been spent on students and the university has also spent $39,367 of its own funds. In addition, schools should not simply recover all student and institutional allowances from HEERF II in one go.

All HEERF funds may only be used to the extent necessary to cover the direct cash requirements related to the use of the funds. This means that schools must spend funds for scholarships within 15 calendar days of using these G5 funds, while funds used for purposes other than scholarships must be spent within three calendar days of their use. A: Remarkably, the RSLRAC, similar to CARES, does not include any requirements for student eligibility, however, institutions are required to prioritize scholarships for students with exceptional financial need, such as those receiving Pell Grants. HEERF II funds can also be awarded to students online. As a reminder, after a confusing and inconsistent implementation, the Secretary of Education, Betsy DeVos, issued a Preliminary Final Rule (IFR) on June 17, 2020, limiting eligibility for CARES Act Emergency Grants for Financial Aid to students who meet the eligibility criteria for student assistance under Title IV of Section 484 of the Higher Education Act (HEA). .