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CARES ACT Fund Report

The CARES Act Higher Education Emergency Relief Fund (HEERF) provides funding to institutions for emergency financial aid grants to students whose lives have been disrupted by the coronavirus pandemic. Below are Cape Fear Community College’s CARES ACT Fund reports.

Quarterly Budget and Expenditure Reporting Under CARES Act Sections 18004 (a)(1) & 18004 (a)(2)

Total Amount of Funds Awarded:
Section (a)(1) Institutional Portion: $2,363,219
Section (a)(2): $232,320
Section (a)(3):

Category
Amount in (a)(1) Institutional Dollars
Amount in (a)(2) Dollars
Amount in (a)(3) dollars, if applicable
Notes
Providing additional emergency financial aid grants to students $558,496
Providing reimbursements for tuition, housing, room and board, or other fee refunds $232,320 Issued tuition and fee refund for students who withdrew in Spring 2020 due to COVID and took additional classes in Fall 2020
Covering the cost of providing additional technology hardware to students, such as laptops or tablets, or covering the added cost of technology fees $34,192
Costs related to operating additional class sections to enable social distancing, such as those for hiring more instructors and increasing campus hours of operations $27,033
Campus safety and hours of operations $178,400
Purchasing, leasing, or renting additional instructional equipment and supplies (such as laboratory equipment or computers) to reduce the number of students sharing equipment or supplies during a single class period and to provide time for disinfection between uses. $122,238
Replacing lost revenue due to reduced enrollment x
Replacing lost revenue from non-tuition sources (i.e., cancelled ancillary events; disruption of food service, dorms, childcare or other facilities; cancellation of use of campus venues by other organizations, lost parking revenue, etc.). x
Purchasing, leasing, or renting additional equipment or software to enable distance learning, or upgrading campus wi-fi access or extending open networks to parking lots or public spaces, etc. $261,080
Other uses of (a)(1) Institutional Portion Funds $2,666 x x Water for students due to drinking fountains being closed; lost revenue
Other uses of (a)(2) or (a)(3) funds, if applicable x
Quarterly Expenditures for Each Program $1,184,104 $232,320
Total of Quarterly Expenditures $1,416,425

CARES ACT Fund Report – AUG. 2020
With regard to the CARES Act Section 18004(a) (1), Cape Fear Community College (CFCC) acknowledges and assures that:

  1. A signed Certification and Agreement was returned to the Department of Education on April 16, 2020, with the intention of using 50% of the funds received to provide Emergency Financial Aid Grants to students.
  2. The total amount of funds that CFCC is scheduled to receive for the benefit of students is $2,363,220
  3. $1,428,040 in Emergency Financial Aid Grants have been provided to students as of August 14, 2020
  4. The estimated number of students 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 under Section 18004(a)(1) of the CARES Act is 3,113.
  5. As of August 14, 2020 1,843 students have received funding.
  6. Strategic members of CFCC’s staff developed the methods used to determine which students will receive the emergency funding, as well as how much they receive.
    Method:

    • Completion of an Application/Certification for federal CARES Act Funds, which specifies that the student incurred 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)
    • Students must be Title IV eligible and making satisfactory academic progress as required by the CARES Act
    • Students who were enrolled only in online classes prior to March 13 will not be eligible for funding
    • Students with the greatest documented need using the Estimated Family Contribution (EFC) from the 2019-20 Free Application for Federal Student Aid (FAFSA) will be prioritized. Additionally, awards will be prorated based on the number of hours the students were enrolled in as of March 13, 2020 based on the chart below
    • CFCC Financial Aid Office will verify eligibility in accordance with the CARES Act

    Amount: Awards to each student will be determined by the following chart:

    Expected Family Contribution (EFC) Award per Student
    0 (Most needy students)

    Less than 1/2 time (0 -5 credits)

    $300.00

    1/2 time (6-8 credits)

    $600.00

    3/4 time (9 – 11 credits)

    $900.00

    FT (12+ credits)

    $1,200.00
    Between $1 – $5,576 (Pell Eligible)

    Less than 1/2 time (0 -5 credits)

    $200.00

    1/2 time (6-8 credits)

    $400.00

    3/4 time (9 – 11 credits)

    $600.00

    FT (12+ credits)

    $800.00
    Above $5,576 (Only eligible for loans)

    Less than 1/2 time (0 -5 credits)

    $150.00

    1/2 time (6-8 credits)

    $300.00

    3/4 time (9 – 11 credits)

    $450.00

    FT (12+ credits)

    $600.00
  7. CFCC will post instructions and guidance for students regarding CARES Act funding on its website. Eligible students will be emailed an application/certification form to request funding… Furthermore, students are given the option to submit their banking information online so they may receive their funds electronically.
Initial CARES ACT Funds Report – May 2020
  • A signed Certification and Agreement was returned to the Department of Education on April 16, 2020 with the intention of using 50% of the funds received to provide Emergency Financial Aid Grants to students.
  • The total amount of funds that CFCC is scheduled to receive for the benefit of students is $2,363,220
  • $0 in Emergency Financial Aid Grants have been provided to students as of May 16, 2020.
  • The estimated number of students eligible to participate in in programs under Section 484 in Title IV of the Higher Education Act of 1965 and thus eligible to receive Emergency Financial Aid Grants under Section 18004(a)(1) of the CARES Act is 3,113.
  • As of May 16, 2020 no students have received funding.
  • Strategic members of CFCC’s staff developed the methods used to determine which students will receive the emergency funding, as well as how much they receive.
    Method:

    • Completion of an Application/Certification for federal CARES Act Funds, which specifies that the student incurred 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)
    • Students must be Title IV eligible and making satisfactory academic progress as required by the CARES Act
    • Students who were enrolled only in online classes prior to March 13 will not be eligible for funding
    • Students with the greatest documented need using the Estimated Family Contribution (EFC) from the 2019-20 Free Application for Federal Student Aid (FAFSA) will be prioritized. Additionally, awards will be prorated based on the number of hours the students were enrolled in as of March 13, 2020 based on the chart below
    • CFCC Financial Aid Office will verify eligibility in accordance with the CARES Act

    Amount: Awards to each student will be determined by the following chart:

    Expected Family Contribution (EFC) Award per Student
    0 (Most needy students)

    Less than 1/2 time (0 -5 credits)

    $300.00

    1/2 time (6-8 credits)

    $600.00

    3/4 time (9 – 11 credits)

    $900.00

    FT (12+ credits)

    $1,200.00
    Between $1 – $5,576 (Pell Eligible)

    Less than 1/2 time (0 -5 credits)

    $200.00

    1/2 time (6-8 credits)

    $400.00

    3/4 time (9 – 11 credits)

    $600.00

    FT (12+ credits)

    $800.00
    Above $5,576 (Only eligible for loans)

    Less than 1/2 time (0 -5 credits)

    $150.00

    1/2 time (6-8 credits)

    $300.00

    3/4 time (9 – 11 credits)

    $450.00

    FT (12+ credits)

    $600.00
  • CFCC will post instructions and guidance for students regarding CARES Act funding on its website. Eligible students will be emailed an application/certification form to request funding… Furthermore, students are given the option to submit their banking information online so they may receive their funds electronically.
  • For more information about the CARES Act Emergency Fund Selection Process, visit cfcc.edu/coronavirus/cares-act-criteria/

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