CARES Act Emergency Relief Fund

The Coronavirus Aid, Relief, and Economic Security (CARES) Act Fund Disclosures

HEERF I (Cares Act I)

Helene Fuld College of Nursing (Helene Fuld) is providing this information as required by the Federal Student Aid – Emergency Relief Fund. Helene Fuld will update this information no later than 10 days after the end of each calendar quarter (September 30, December 31, March 31, June 30).

Helene Fuld acknowledges and confirms that we submitted the request for the CARES Act funds, received the approval for said funds, and have signed and returned the Recipient’s Funding Certification and Agreement for Emergency Financial Aid Grants to Students. Helene Fuld intends to 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.

Helene Fuld is committed to awarding CARES Act / Higher Education Emergency Relief Funds (HEERF) funding in accordance with guidance provided by the Department of Education. The amount disbursed per recipient reflects a number of factors: the amount of funding received by the College through the CARES Act Higher Education Emergency Relief Fund, the total number of students at the College and existing data on demonstrated financial need. The methodology used measured financial impact of the COVID Pandemic where priority was given to those preparing to graduate in May 2020. Students were not required to apply but were notified of their eligibility and funds were disburse directly too them.

Total CARES Act Federal funds allocated to Helene Fuld: $445,514
- CARES Act (HEERF) Available for Awards to Students: $222,757
- CARES Act Institutional Funding (Please See Institutional Reports Below): $222,757
Awards to Students disbursed: $222,757 – all student funds have been distributed as of March 2021
Number of Helene Fuld students funded through Cares Act I: 450*

*Estimated number to consider students who received multiple disbursements

Quarter 1 (Q1) Report: 1/1/2021 – 3/31/2021

Remaining Funds of $8,700 under the Cares Act I have been disbursed to students.

HEERF II (CRRSAA)

Helene Fuld College of Nursing (Helene Fuld) is providing this information as required by the Higher Education Emergency Relief Fund (HEERF). Helene Fuld will update this information no later than 10 days after the end of each calendar quarter (March 31*, June 30, September 30, December 31).

*Please note that because the reporting requirements were not made available by the U.S. Department of Education (ED) until May 2021, the first quarterly report deadline has been extended to July 10, 2021.

Helene Fuld acknowledges and confirms that as a recipient of CARES Act funding, the institution confirms its acceptance of the terms and conditions of HEERF II (CRRSAA) funding by beginning to draw down the funds. To comply with CRRSAA Section 314(d)(5), Helene Fuld shall provide at least the same amount of funding in emergency financial aid grants to students as was required to be provided under sections 18004(a)(1) and (c) of division B of the CARES Act (Public Law 116-136).

Helene Fuld is committed to awarding CRRSAA/ Higher Education Emergency Relief Funds (HEERF) funding in accordance with guidance provided by the Department of Education. The amount disbursed per recipient reflects a number of factors: the amount of funding received by the College through the CARES Act Higher Education Emergency Relief Fund, the total number of students at the College and existing data on demonstrated financial need. The estimated number of students eligible for this grant is about 500. The methodology used required students to submit an email to a designated Cares Act inbox where they would outline their need for funds; from these applications, students were prioritized based on Title IV eligibility.

The following announcement was sent to all students enrolled as of January 22, 2021. All other correspondence was emailed directly to the students from the Institution.

Total CRRSAA funds allocated to Helene Fuld College Nursing: $445,514
- CRRSAA (HEERF II) Available for Awards to Students: $222,757
- CRRSAA Institutional Funding: $222,757
Awards to Students disbursed: $222,757 – all student funds have been distributed
Number of Helene Fuld students funded through CRRSAA: 127

Quarter 1 (Q1) Report: 1/1/2021 – 3/31/2021

HEERF funds (Cares Act I and CRRSAA) disbursed to Helene Fuld College of Nursing students [as COVID 19 Relief Grant] through March 31st^st (cumulative): $449,007

Awards disbursed to students: $234,950 ($8,700 from Cares Act I and $3,493 from CRRSAA Institutional Funds)
Number of unique Helene Fuld College of Nursing students funded through HEERF Funds this quarter: 127

Final Report: All Funds under CRRSAA have been disbursed to students as of 3/31/2021.

HEERF III (American Rescue Plan-ARP)

The U.S. Congress passed the American Rescue Plan Act of 2021 (ARP) on March 11, 2021. This federal stimulus funding is the third act of federal relief in response to COVID-19, following the CARES Act (HEERF 1) and CRRSAA (HEERF II). American Rescue Plan Act funding for higher education is known as HEERF III.

Helene Fuld College of Nursing (Helene Fuld) acknowledges and confirms that we are a recipient of CARES Act funding, and of CRRSAA funding. Therefore, we will as an institution confirm our acceptance of the terms and conditions of HEERF III funding by beginning to draw down the funds. Helene Fuld will use no less than 50 percent of the total funds received under Section 2003 of the American Rescue Plan to provide Emergency Financial Aid Grants to students.

Helene Fuld is committed to awarding ARP/ Higher Education Emergency Relief Funds (HEERF III) funding in accordance with guidance provided by HEERF. The amount disbursed per recipient reflects a number of factors: the amount of funding received by the College through the CARES Act Higher Education Emergency Relief Fund, the total number of students at the College and existing data on demonstrated financial need. The estimated number of students eligible for this grant is 800. The methodology used prioritized students by data received from their FAFSA application. Students were not required to submit a request for funds as all current students, regardless of Title IV eligibility, received a disbursed. Previously enrolled students from the May 2021 graduating class were also given funds. Additional funds were disbursed and applied based on a need basis assessment by a committee.

Please see the disbursement announcement and schedule for the ARP Funds. Additional correspondence to your Helene Fuld email address may be sent regarding the Emergency Financial Aid Grants.

Total ARP (HEERF III) Federal funds allocated to Helene Fuld College of Nursing: $1,436,551
- ARP (HEERF III) Available for Awards to Students: $718,275
- ARP (HEERF III) Institutional Funding $718,276

Quarter 1 (Q1) Report: 1/1/2021 – 3/31/2021
N/A

Quarter 2 (Q2) Report: 04/01/2021 – 06/30/2021
N/A

Quarter 3 (Q3) Report: 07/01/2021 – 09/30/2021

HEERF funds (Cares Act I, CRRSAA, and American Rescue Plan disbursed to Helene Fuld College of Nursing students [as COVID 19 Relief Grant] through September 30th (cumulative): $1,049,114

Awards disbursed to students: $603,600
Number of unique Helene Fuld College of Nursing students funded through HEERF Funds this quarter: 799

Quarter 4 (Q4) Report: 10/01/2021-12/31/2021

HEERF funds (Cares Act I, CRRSAA, and American Rescue Plan disbursed to Helene Fuld College of Nursing students [as COVID 19 Relief Grant] through December 31st (cumulative): $1,081,568

Awards disbursed to students: $32,454*
Number of unique Helene Fuld College of Nursing students funded through HEERF Funds this quarter: 179

*Net calculation of $61,054 disbursed to students and $29,400 in voided checks returned in accordance with policy.

Quarter 1 (Q1) Report: 1/1/2022 – 3/31/2022
N/A

Quarter 2 (Q1) Report: 4/1/2022 – 6/30/2022

Please note that per HEERF announcement in June 2022, all student disbursements will be reported on the newly released quarterly report for Q2 and on. This can be found under the “Institutional and Student Reports” section.
Notice regarding the US Department of Education CARES Act Higher Education Emergency Relief Fund

30 October 2020

1. Helene Fuld College of Nursing signed and returned to the Department the Certification and Agreement, with the assurance that the College has used, or intends to use no less than 50% of the funds received under Section 18004(a)1 of the CARES Act to provide Emergency Financial Aid Grants to students.

2. Helene Fuld College of Nursing received $222, 757.00 for Emergency Financial Aid Grants to Students on 1 May 2020.

3. $222,757.00 is scheduled for distribution to the selected students in the form of debit cards. Each student is receiving $463.50. The College contributed the $3.50 per debit card.

4. Students eligible for Title IV funds and eligible to receive Emergency Financial Aid Grants to students under Section 18004(a)1 of the Cares Act is approximately 525.

5. As of 26 May 2020, 339 of 466 students have collected their debit card.

6. Helene Fuld College of Nursing determined which students would receive the Emergency Financial Aid Grants of the CARES act by prioritizing those who had been the most disrupted in their education by the pandemic: the students who were taking clinical nursing and scheduled to graduate and take licensing exam in May 2020; the students who were taking clinical psychiatric nursing; and the generic program students taking clinical nursing and science lab courses. The funds were divided equally.

7. Students were instructed by email about the funds they were to receive, and to collect them from a local bank.

Institutional and Student Reports