CARES Act Detailskbaker
Institutional Funds – CARES Act Higher Education Emergency Relief Fund (HEERF) Reporting
- Covering Quarter Ending September 30, 2020
- Covering Quarter Ending December 31, 2020
- Covering Quarter Ending March 31, 2021
- Update to Quarter Ending March 31, 2021
- Covering Quarter Ending June 30, 2021
Student Aid Funds – CARES Act Higher Education Emergency Relief Fund (HEERF) Reporting
PIA has elected to provide an Emergency Financial Aid Grant to all students who meet the eligibility requirements, who acknowledge negative financial impact by the COVID-19 pandemic, and who agree to utilize their grant award for qualified expenses. The funding is limited and will be awarded equally based on the total number of eligible students.6
If you are a PIA School of Specialized Technology student eligible for Federal Financial Aid and if the COVID-19 pandemic has negatively impacted your personal financial situation, you will receive a lump sum of money, in the amount of $480.00 from Pittsburgh Institute of Aeronautics. Please be aware that any money awarded from this grant is to be used for expenses related to the disruption of campus operations due to coronavirus. These expenses include eligible expenses under a student’s cost of attendance in the calculation of Federal Financial Aid, such as food, housing, course materials, technology, health care, and child care. The funds cannot be used toward your tuition. Although the money is funded by the Federal Government, individual institutions are managing the eligibility and approval process and the distribution of funds. 7
Students received certification forms to their PIA emails for completion. Completing this certification form acknowledges your acceptance of the emergency financial aid grant, confirms your eligibility for these funds, confirms that you have experienced negative financial impact due to the COVID-19 pandemic, and confirms that you understand your responsibility to use these funds for qualified expenses as listed above. Failure to submit the completed certification form by Friday June 5, 2020 will result in your forfeiture of the grant. If you have questions, please contact Donata Clark at 412-346-2116 or firstname.lastname@example.org. 7
Below are required items to be posted on the website regarding this topic per the US Department of Education.
- Pittsburgh Institute of Aeronautics acknowledges that we have signed and returned to the U.S. Department of Education, the Certification and Agreement and we assure that PIA intends to use no less than 50 percent of the funds to provide Emergency Financial Aid Grants to students as provided by the CARES Act.
- PIA has received $229,473 for the Emergency Financial Aid Grants to Students.
- As of May 27, 2020, $54,240 has been disbursed directly to students.
- The estimated number of students at PIA that are 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 is 469.
- As of May 27, 2020, the Emergency Financial Aid Grant has been disbursed to 113 students.
- The method PIA is using to determine which students receive Emergency Financial Aid Grants is referenced in the first paragraph of this post.
- Additional instructions, directions, or guidance to the students concerning the Emergency Financial Aid Grants is referenced in paragraphs 2 and 3 of this post.
As of June 16th, 2020, 451 students at PIA have received disbursements of these funds equaling $216, 480.
As of July 17th, 2020, 452 students at PIA have received disbursements of these funds equaling $216,960.
As of August 24, 2020, 452 students at PIA have received disbursements of these funds equaling $216,960. The remaining balance to be disbursed is $12,513.
As of December 3, 2020, the remaining $12, 513 of the Emergency Financial Aid Grants to Students have been disbursed. Additionally, PIA disbursed $1,887 from the HEERF Institutional funds to PIA students.
Higher Education Emergency Relief Fund (HEERF) II
The United States Department of Education created a second relief program to disburse emergency financial aid grants through the Higher Education Emergency Relief Fund II (HEERF II) created by the Coronavirus Response and Relief Supplemental Appropriations Act (CRRSAA). The fund allocates emergency relief funding for eligible postsecondary students across the country to address the financial hardship of students due to the disruption of campus operations.
- Coronavirus Response and Relief Supplemental Appropriations Act, 2021 has provided an additional $229,473 of HEERF II funds for the “Student Aid Portion” and $229,473 for the “Institutional Portion”.
- As of 3/31/2021, $0 had been disbursed from the Student Aid Portion.
- As of 6/10/21 $72,500 had been disbursed from the Student Aid Portion. 145 students were awarded $500 each.
- PIA determined students with exceptional need as follows:
- Student had completed a 20/21 FAFSA
- Student was enrolled in the Spring quarter at the Pittsburgh campus as of June 6, 2021, AND
- Student was Title IV eligible and had an EFC of $15,000 and below.
- Eligible students were personally given a form on June 8, 2021. By signing the form they acknowledged their need for the CRRSAA funds and the grant may be used for any component of the student’s cost of attendance. The forms were required to be returned by June 9, 2021. All students returned the form and 1 student declined the grant. Click here to review the form.
CRRSSA grants will be determined using the same criteria at the remaining campuses. Youngstown, Hagerstown and Myrtle Beach students with exceptional need (using the criteria above) will have their grants disbursed in July of 2021.
Pittsburgh Institute of Aeronautics acknowledges that we have signed and returned to the U.S. Department of Education, the Certification and Agreement and the assurance that PIA has used the applicable amount of funds designated under the CRRSAAA and ARP programs to provide Emergency Financial Aid Grants to Students, and we assure that PIA intends to use no less than 50 percent of the funds to provide Emergency Financial Aid Grants to students as provided by the CARES Act.
HEERF III, the American Rescue Plan Act of 2021 (ARP)
On May 14, 2021, PIA received $895,610 for the student portion of HEERF III, American Rescue Plan Act of 2021. As of July 9, 2021, no funds have been disbursed.