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Standard College Response to the Coronavirus

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CARES Act Emergency Aid Disclosures

Quarterly CARES ACT Report (August 10, 2020- Sept. 30, 2020)

October 10, 2020

The Coronavirus Aid, Relief and Economic Security (CARES) ACT was passed on March 27, 2020, to address unmet financial and health needs arising from the COVID-19 pandemic. Among its provisions, the Higher Education Emergency Relief Fund (HEERF) awarded funds to institutions of higher education to address costs and financial needs arising from the disruption of campus operations due to coronavirus. Each institution must use no less than 50 percent of funds received under Sections 18004(a)(1) and 18004(c) of the CARES Act to provide direct, emergency financial aid grants to students.

Section 18004(e) of the CARES ACT directs institutions receiving funds to submit a report to the Secretary 30 days from the date of the institution’s Certification and Agreement and updated every 45 days thereafter. The fund report must be posted on the institution’s website in a location that is easily accessible to the public. Institutions posting a 45-day report on or after August 31, 2020 have been instructed to post a report every calendar quarter, with the next calendar quarter report due by October 10, 2020 and covering the period from after their last 45-day or 30-day report through the end of the calendar quarter on September 30, 2020.

Standard College determined the number of eligible students based on the number of students for whom the institution has received an Institutional Student Information Record (ISIR). 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, have received emergency financial aid grants. If a student has filed a Free Application for Federal Student Aid (FAFSA), then the student demonstrated eligibility to participate. Standard College does not make assumptions about the potential eligibility of students for whom the institution has not received an ISIR or an alternative application.

  1. Standard Healthcare Services College of Nursing has signed and returned to the Department the Certification and Agreement with the assurance that the institution will use no less than 50 percent of the funds received under Section 18004(a)(1) of the CARES ACT to provide Emergency Financial Aid Grants to students.
  1. The total amount of funds the institution has received from the Department pursuant to the institution’s Certification and Agreement for Emergency Financial Aid Grants to Students is $258,154.50.
  1. The total amount of funds the institution has distributed to students under Section 18004(a)(1) of the CARES ACT as of Oct. 10, 2020 is $258,154.50.
  1. 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 under Section 18004(a)(1) of the CARES ACT was 376 eligible students.
  1. The total number of students who have received an Emergency Financial Aid Grant to students under Section 18004(a)(1) of the CARES ACT as of Oct. 10, 2020 is 368.

First CARES ACT Reporting Period: May 13, 2020 -June 12, 2020 (30 Day Report) 

In the First CARES ACT Application period, the method used by the institution to determine which students receive Emergency Financial Aid Grants and how much they would receive under Section 18004(a)(1) of the CARES ACT was based on the following:

  1. CARES ACT funds were initially distributed to Title IV currently enrolled students, actively taking courses in Standard College’s Practical Nursing Program or LPN to RN Transition Program as of May 14, 2020.
  2. The school determined a student’s Title IV eligibility based upon a U.S. Department of Education decision deeming that student eligible for Title IV financial aid as a result of the student submitting a FAFSA application. “Currently enrolled students” was defined as a student who was actively taking classes at Standard College on May 14, 2020, the date the notice of the CARES ACT was distributed to the student
  3. The school set aside 5% of the funds as reserves for students who had (1) taken a Leave of Absence or withdrew from the program prior to May 14, 2020 and (2) will return to the program, enrolled as an active student, by July 17, 2020.
  4. The school determined the total number of currently enrolled Title IV eligible students based upon the date the notice of the CARES ACT Funds was distributed to the student community.
  5. The school determined the number of currently enrolled students receiving a Pell Grant based upon the date the notice of the CARES ACT was distributed to the student community.
  6. The school distributed 20% of the remaining funds to PELL Grant recipients. The school did not make a distinction on the amount of Pell grant the student received. Each PELL grant recipient received a CARES ACT grant in an equal
  7. The remaining 75% of CARES ACT funds was divided equally among all currently enrolled Standard College Title IV eligible students (PELL and Loan recipients).
  8. The school distributed $767.52 to each PELL Grant recipient and $560.56 to each eligible Loan.

Definition of Currently Enrolled. The student must have been currently enrolled, actively taking classes in the Practical Nursing Program or the LPN to RN Transition Program as of the date the school sent notice to students about the CARES ACT Funds. A student on a leave of absence or withdrawn from the program on the date the notice was sent was not eligible to be considered for the CARES ACT Funds.

Reserve Funds Information. The 5% reserve was set aside and reserved for students who had (1) taken a Leave of Absence or withdrew from the program prior to May 14, 2020 and (2) will return to the program, as an active, enrolled student, by July 17, 2020. Pell Grant recipient students in this group will receive up to $767.52. Loan recipient students in this group will receive up to $560.56.

Process for Fund Distribution 

The Title IV eligible student, currently enrolled in the Practical Nursing Program or The LPN to RN Transition Program as of May 14, 2020, received a written statement from the school with information on the CARES ACT Fund. The statement indicated the amount of CARES ACT Funds the student would be receiving. The student was informed that the funds must be used for one of the designated eligible expenses: food, housing, course materials, technology, health care, and child care. The student signed a CARE ACT Funds Award Agreement, agreeing to comply with the terms of the CARES ACT Fund, and timely submitted it to the school. Upon receiving the student’s signed Agreement, the school provided the student with the CARES ACT funds within 14 days in the designated amount.

Second CARES ACT Reporting Period: June 13, 2020 –August 09, 2020 (45 Day Report) 

In the Second CARES ACT Application, Standard College determined which students would receive the Emergency Financial Aid Grants and how much they would receive under Section 18004(a)(1) of the CARES ACT based upon the following:

  1. Students who had been enrolled at Standard College prior to May 14, 2020 and returned to the Practical Nursing or LPN to RN Transition program as a currently enrolled student by July 21, 2020 were informed either that they (1) were eligible to receive the CARE ACT Funds or (2) how they could establish eligibility to receive the Funds.
  2. Students were informed that eligibility was established based upon a U.S. Department of Education decision deeming that student eligible for Title IV financial aid as a result of the student submitting a 2019-2020 or 2020-2021 FAFSA application.
  3. Students were given a deadline to submit the 2019-2020 or 2020-2021 FAFSA application for the purpose of establishing eligibility to receive the Funds.
  4. The Title IV eligible currently enrolled student needed to timely complete the CARES ACT Fund acceptance process by July 31, 2020.
  5. The Reserve Funds set aside from the first CARES ACT distribution were used to distribute to Title IV eligible, currently enrolled students in the second CARES ACT distribution period.
  6. The school determined whether the student in the second CARES ACT distribution period was eligible to receive a PELL grant or a financial aid loan.
  7. The school distributed $767.52 to each PELL Grant recipient and $560.56 to each eligible Loan recipient in the second CARES ACT distribution period.

Process for Fund Distribution 

In the second CARES ACT application period, an email notification was sent July 22, 2020 to students who had not yet established Title IV eligibility. The email informed the student how to establish eligibility to receive the Funds. The student would need to complete the 2019-2020 or 2020-2021 FAFSA application in order to establish eligibility for the CARES ACT funds. The email stated a deadline in which to complete the process to establish Title IV eligibility.

Another email notification was sent June 29, 2020 to all eligible students in the second CARES ACT application period informing them of the CARES ACT Fund acceptance process. These students had established eligibility to receive the CARES ACT Funds. The school had a FAFSA on file for these students indicating they were eligible for financial aid. The email notification provided instructions on how to apply for the Funds. The email notification indicated a deadline in which to complete the acceptance process.

The email notification contained comprehensive information on the CARES ACT Fund. The statement indicated the amount of CARES ACT funds the student would be receiving. The student was informed that the funds must be used for one of the designated eligible expenses: food, housing, course materials, technology, health care, and child care. The email informed the student on the process: the student would need to sign an online CARES ACT Funds Award Agreement, agreeing to comply with the terms of the CARES ACT Fund, and timely submit it to the school. The CARES ACT Funds Award Agreement was accessible through a link provided in the email notification. The email stated that upon receiving the student’s signed statement, the school will provide the student with the CARES ACT funds within 14 days in the designated amount.

After the Second CARES ACT distribution, Standard College had a remaining balance of $560.56 CARES ACT Funds available.

CARES ACT Quarterly Period August 10, 2020- Sept. 30, 2020

In the CARES ACT quarterly period, June 12, 2020- Sept. 30, 2020, Standard College determined which students would receive the Emergency Financial Aid Grants and how much they would receive under Section 18004(a)(1) of the CARES ACT based upon the following:

  1. Standard College determined which currently enrolled, Title IV eligible student in the Practical Nursing or LPN to RN Transition, who had been eligible for the CARES ACT Funds based on the criteria in the first and second report periods, had not accepted the Funds.
  2. The school contacted the students to provide them with a second opportunity to receive the Funds. The students were Title IV eligible, currently enrolled students for whom the school had an ISIR on file but had not signed the CARES ACT Funds Award Agreement to obtain the funds.
  3. The school used the same formula as in the previous reporting periods to determine the amount of CARES ACT Funds Award the student would receive.

Process for Fund Distribution

In the third CARES ACT application period, an email notification was resent on Sept. 16, 2020 to currently enrolled, Title IV eligible students, who had been enrolled at Standard College prior to May 14, 2020 and returned to the Practical Nursing or LPN to RN Transition program by July 17, 2020, but had not received the CARES ACT Funds. The email provided the students with a second opportunity in which to accept the funds. The email gave instruction on how to obtain the funds. The email contained a link to an online CARES ACT Funds Award Agreement (Agreement.) The student was instructed to sign and complete the Agreement by Sept. 17, 2020 in order to obtain the CARES ACT Funds.

The email notification contained comprehensive information on the CARES ACT Fund. The email indicated the amount of CARES ACT funds the student would be receiving. The student was informed that the funds must be used for one of the designated eligible expenses: food, housing, course materials, technology, health care, and child care. The email informed the student on the process: the student would need to sign the online CARES ACT Funds Award Agreement, agree to comply with the terms of the CARES ACT Fund, and timely submit the Agreement to the school. The email stated that upon receiving the student’s signed Agreement, the school will provide the student with the CARES ACT funds within 14 days in the designated amount.

After the Third CARES ACT distribution, Standard College has a balance of $0.00 CARES ACT Funds available.

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CARES ACT Updates

CARES Act 30-Day Report (Jun 12, 2020)

CARES Act 45-Day Report (Aug 10, 2020)