CARES ACT-HIGHER EDUCATION EMERGENCY FUND (HEERF)
POLICY ON DISTRIBUTION OF CARES GRANT FUNDS TO STUDENTS
On April 9, 2020 Secretary of Education Betsy DeVos made money available from Coronavirus Aid Relief and Economic Securities (CARES) ACT. The Higher Education Emergency Relief Fund (HEERF) was intended to support both institutions and its students.
- On April 21, 2020 Skinworks School of Advanced Skincare acknowledges that the institution signed and returned to the Department of Education the Certification and Agreement and the assurance that the institution has used, or 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.
- On May 13th 2020 Skinworks School of Advanced Skincare received $37,349, the student portion of the HEERF Grant. Skinworks will be disbursing the funds to all Title IV eligible students who were enrolled during the period of March 12th 2020 to May 26th 2020 equally, the period with the most disruption. All students were notified on May 13th and encouraged to apply on FAFSA (https://studentaid.gov/) to see if they are eligible for funding, also for the purpose of receiving the HEERF. Skinworks finalized the students who were eligible for the funds on 5/21/2020. Skinworks estimates that 75 students 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 under Section 18004(a)(1) of the CARES Act.
- Students are required to sign the HEERF acknowledgement. The Higher Education Emergency Relief Fund (HEERF) is granted to students to cover expenses related to the disruption of campus operations due to the coronavirus. These expenses include: Food, Housing, Course materials, Technology, Health care, and Childcare. The acknowledgement form can be found by following the link below.
BASED ON THE RECENT REVISED GUIDANCE REGARDING THE HEERF GRANT, POSTED ON 5/21/2020 BY THE DEPARTMENT OF EDUCATION. SKINWORKS WILL BE DISBURSING THE PAYMENTS IN 2 SEPARATE DISBURSEMENTS. WHILE WE ARE STILL DISBURSING EQUALLY, WE ARE WAITING FOR GUIDANCE ON WHO SHOULD NOW BE INCLUDED. WE EXPECT AN UPDATE FROM THE DEPARTMENT AROUND THE FIRST WEEK OF JUNE.
PLEASE READ THE RECENT NEWS HERE: https://www2.ed.gov/about/offices/list/ope/caresact.html
Estimated 1St Disbursment, based on 84 Student $300.oo
Estimated 2ND Disbursment, based on 84 Students $144.63